November 21, 2017
Retirees say ‘Ugh’ to Medicare Shopping
In terms of popularity, reviewing Medicare plans during the open enrollment, going on now, ranks right up there with doing taxes.
Retirees on Medicare view healthcare as their most burdensome expense. But they are less likely to comparison shop for Medicare plans than for their groceries and gas, even though plan shopping would probably save more money.
Deciding on a Medicare Advantage plan or deciding to switch to traditional Medicare, with or without a Medigap supplement, is “overwhelming, scary, and has consequences, so we put it off,” said Bart Astor, a spokesman for the insurer WellCare Health Plans, whose nationally representative survey quantified just how much retirees dread Medicare enrollment.
Selecting one path over another also necessitates predicting the impossible: their future health and how much coverage they will need.
Squared Away can’t predict your medical needs in 2018 either. But perhaps one of these blogs will help you decide which path to take:
- Free help navigating Medicare’s maze
- 10 rules for Medicare Advantage shopping
- Know the pitfalls of spotty hospital coverage in Advantage plans
- Advantage premiums reflect physician networks
- Fewer, clearer Medicare Part D choices
- Avoid initial Medicare enrollment mistakes
- Medicare primer: Advantage or Medigap?
If you haven’t shopped yet, why not get started on Black Friday?
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