UnitedHealthcare, other insurers to scale back Medicare Advantage plans

[InstantGratification]

18. I could be wrong, I'm only 59 and not well versed in Medicare matters

My understanding is the Medicare Advantage plans are generally cheaper than Medicare and don't require Gap Insurance plans to cover the 20% that Medicare doesn't. They are often better than Medicare when you are on the younger/healthier end of your life cycle. As you age and require more care, being for-profit businesses, they begin finding creative ways to deny coverage or delay it so long that you give up and do without the procedure.

As to re-enrollment in traditional Medicare, I have zero experience there, but I've been told you can do it. The problem is Medicare and the gap plans to cover your 20% is often more expensive. Plus, by that time people often have difficulty getting gap insurance because of pre existing conditions.

I hope someone else can add or or correct this.