Daniel Kurt: Five Distinct Features of Medicare Advantage

1. Pricing and Coverage Vary- With Medicare Advantage multiple insurance carriers are competing for patients, recipients contribute the usual part B premium, but they generally pay an additional premium
2. Customer Satisfaction is Key- The Medicare website uses a star system to rate different insurers and takes into account member experiences and how plans manage chronic conditions
3. Watch Limits on Choosing Doctors – If you have specific health care professionals you’d like to see, you’ll want to check whether they’re part of the system
4. Out-of-Pocket Expenses Are Capped- Under the Affordable Care Act, that limit is $6,700 annually
5. You May Need to Wait for Open Enrollment- Those who prefer a private plan can join Medicare Advantage when they first sign up for Medicare

Source: Investopedia
Source URL: http://www.investopedia.com/articles/personal-finance/051514...

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