
Why is Medicare a good choice?
Medicare Advantage plans often have low-cost or even $0 premiums. Plans differ, so do their costs, so it’s important to know what fits you best. You will continue to pay the Part B premium to Medicare. Even more, Medicare Advantage plans come with a financial safety net due to a set annual out-of-pocket limit.
If your costs reach the limit, your plan will cover 100 percent of your Medicare health care costs for the rest of the year. Medicare sets a maximum out-of-pocket limit every year, and each plan can set the limit at this amount or lower. However, there is no out-of-pocket protection with Original Medicare (Parts A & B).
This is all great for the big company, however, when you live on Social Security it’s terrible. Last year the social security payment went up a little maybe $100-150, but right away medicare raised their fee so I think my check was about $20 different. When the cost of living is so high and changing each year so rapidly, and of course, we have to pay taxes too. Retirees NEED HELP.