Senior Health Coverage Secrets Insurers Keep Quiet About
The Hidden Costs and Savings
One of the biggest secrets in senior health coverage is the variation in costs between different plans and providers. While Medicare Part A is generally premium-free for most seniors, Part B requires a monthly premium that can change based on your income. Additionally, Medicare Advantage plans may offer lower premiums but could include higher out-of-pocket costs for certain services2.
Supplemental insurance, or Medigap, is another area where seniors can find significant savings or unexpected costs. These plans can help cover out-of-pocket expenses not covered by Medicare, but premiums can vary widely depending on the provider and the level of coverage. For many seniors, comparing Medigap policies can reveal opportunities for substantial savings3.