With the Medicare open enrollment period beginning on October 15, we encourage Medicare beneficiaries to choose carefully between traditional Medicare and joining a private Medicare Advantage plan.
If you’re nearing retirement age, health insurance and Medicare are probably on your mind as well. Do you understand how Medicare works and how the monthly premium is determined? You need to be in the know to avoid making costly mistakes. Here are some tips for potentially lowering your Medicare premiums.
Comparing Medicare Advantage Plans and Medicare Part D drug plans means taking a look at prescription drug coverage, co-pays and coinsurance costs, the plan’s network of doctors and service area. But there’s another metric you should consider when making your decision: the plan’s star rating.