Medicare Advantage vs Medigap Coverage [View all]
I'm 66 and my husband is 71 and we are in the market for Medicare add on insurance for the first time because my husband's company is moving retirees off their group health plans. The company is giving us an annual allowance for the purchase of this coverage. They are probably pushing the old folks out so they can get better rates for their group plans. Inconvenient for us, but I can't complain since we've basically had free health insurance coverage for 40 years.....a luxury now that was once a common employment benefit.
I have no real health issues (yet) and take no prescriptions so I feel a Medicare Advantage policy will be fine for me at this time.
My husband, however, has COPD which requires careful monitoring and treatment. He has also started having memory problems and difficulty grasping details, so this decision is pretty much left to me. I'm thinking he should have the more expansive Medigap coverage which will allow him to keep his current doctors and afford better coverage overall. He would also need an add on prescription drug plan with the Medigap coverage but would benefit from that since it would cover more of his numerous prescriptions.
Has anyone here made the choice between Medicare Advantage and Medigap? Any advice?
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