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Medicare Open Enrollment Nears Deadline: Weighing Medigap vs. Medicare Advantage
Medicare Open Enrollment Nears Deadline: Weighing Medigap vs. Medicare Advantage
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BTCCSquare news:
Medicare's annual open enrollment period closes December 7, presenting a critical decision point for beneficiaries evaluating coverage options. Medicare Supplement (Medigap) plans emerge as a compelling alternative to Medicare Advantage, offering predictable cost-sharing for deductibles, copays, and coinsurance—unlike Advantage plans with their low premiums but volatile out-of-pocket expenses.
The flexibility of Original Medicare paired with Medigap comes at a price: potential medical underwriting could exclude those with pre-existing conditions. Meanwhile, Medicare Advantage networks continue shrinking, with six states now experimenting with prior authorization requirements that may erode Original Medicare's traditional advantages.
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