Medicare Advantage plans explained in 2023

Medicare advantage plans can be great for some people as they have some beneficial coverages that come with them.  First of all the plans come with vision, dental and hearing without an additional cost in 2023.  They also have a Medicare prescription drug plan attached to them for free.  If you don’t go to the doctor often and stay away from the hospital they are very helpful as catastrophic coverage.  If you use the plans benefits several times a month, it could become costly as the max out of pocket can be in the range of $7,500- $10,000.  Many seniors and baby boomers must make the decision to either purchase a Medigap plan or choose an advantage plan from companies such as blue cross or Aetna.  Medicare supplement plans can be more expensive up front but might be less expensive in the long run.

Posted on May 2023