It is going to be a tough year for seniors shopping for Medicare coverage.
If you don’t choose wisely, you might get hit with surprise bills for your medications, or learn too late that your doctors are out of network.
For the third year in a row, major Medicare insurers are pruning some benefits while adding bigger out-of-pocket charges such as deductibles.
“Medicare Advantage plans are leaning toward focusing on margin repair,” said Michael Ha, an analyst with Baird. “And what does that mean exactly for seniors? It means their benefits are going to get cut again.”