If You've Signed Up for Medicare Advantage, You Need to Read these Suze Orman Tips

"The first big thing Suze Orman advises Medicare Advantage customers to do is to make sure they pay attention to their plans. Orman warned that far too many people sign up for an Advantage plan and then just stop paying attention once they are enrolled. That can be a big mistake because the terms and conditions of coverage can change over time, as can the premiums and the network of doctors who are covered by the plan."

"Medicare Advantage Plans charge different premiums and have different rules than original Medicare, with many offering more covered services. Advantage Plans also have some risks and downsides to them, though, which is why finance expert Suze Orman shared a few key tips for those who choose to go this route for their coverage. If you have signed up for Medicare Advantage, you should read these Orman tips to make sure you get the coverage you deserve from your insurer."

Medicare eligibility typically begins at age 65, but original Medicare leaves gaps in coverage and often involves significant coinsurance costs. Many beneficiaries choose Medicare Advantage plans offered by private insurers as an alternative, which can provide additional covered services but operate under different premiums and rules. Advantage plan terms, premiums, and provider networks can change year to year, potentially leaving beneficiaries without coverage for preferred doctors. Annual review during open enrollment and comparison of available Advantage options can help maintain continuity of care and ensure that the chosen plan meets evolving healthcare needs.

Read at 24/7 Wall St.