One of the most important decisions older Americans need to make when they reach 65 (or older if still covered by employer health insurance) is traditional Medicare or Medicare Advantage.Once you reach age 65 almost all Americans are covered by Medicare Part A at no cost. But you need to supplement that coverage.
The primary argument in favor of traditional Medicare is the broad acceptance. You can get care from any facility in the U.S. that accepts Medicare payment. With most Medicare Advantage Plans you are limited to designated service providers that participate in that plan.
Due to the coinsurance and deductibles with traditional Medicare, you really need to buy a supplement plan and prescription drug coverage (Part D). If you aren't taking prescription drugs when you sign up and decide to skip a Part D plan, you will pay extra if you wait to sign up.
Some Medicare Advantage Plans offer coverage with a $0 monthly premium which can seem very attractive but you need to do your homework and decide on your personal priorities. Whether or not you pay a premium, Advantage plans typically cover eye, hearing and dental exams and dental exams as well as memberships in athletic facilities and other benefits not included in traditional medicare.
Check out the
AARP Medicare Enrollment℠ Guide
https://www.aarp.org/membership/benefits/health/aarp-medicare-enrollment-guide/
and comments pro/con on each option:
https://humbledollar.com/voices/which-is-better-traditional-medicare-or-medicare-advantage/
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