No. of Recommendations: 2
Many of our patients were directly marketed by people working for the Medicare
Advantage companies. These people can usually only switch back to traditional
Medicare during the open enrollment period (October 15 - December 7.)
And, if the seminar I attended was accurate, you can be subject to rerating if you stay on Advantage for more than a year. No generic Medicare pricing, with cost of Medicare possibly going up based on health. That was not a problem if you started with Medicare or switched within or possibly at the end of the first year. That was enough for us.
While we did hear the above from multiple sources, we did not run it down further. No one telling us this information was selling us a policy, and had no apparent financial incentive to steer us away from Advantage plans. One wanted to be our financial advisor, which we also declined.
IP
