Privatizing Medicare A New Threat Beyond Medicare Advantage
Seniors are being bombarded with advertising for Medicare Advantage plans because the open enrollment period for Medicare is from October 15 to December 7. Insurance companies make piles of money if people switch from traditional Medicare to an Advantage plan.
The Advantage plans were created to move Medicare into the private marketplace and provide a financial windfall for the insurance companies.
They are good plans if you never get sick because the initial premiums are low and you get a few extra benefits not available in traditional Medicare.
But if you try to use the insurance in an Advantage plan you are subject to network restrictions and out of pocket expenses. It is not uncommon for a plan to have you pay $6000 out of pocket if you need care.






