The following was re-printed with permission from Retire Fabulously

By Dave Hughes

I turned 65 in early 2022, and I’ve been enjoying the benefits of traditional Medicare ever since. It’s one of retirement’s greatest benefits. It has lowered my healthcare costs and made obtaining care easier. It’s the system I wish I had throughout my working career.

In the year preceding my 65^th birthday, I received a deluge of advertisements touting the benefits of various Medicare Advantage plans and urging me to sign up.

Prior to that, I had no clue how Medicare Advantage plans worked and no idea what I’d choose. So, I did a lot of research. A lot. After all, those Medicare Advantage plans seemed to be offering more coverage (including prescription drugs, dental, vision, and hearing) – all for little or no premium! Why wouldn’t I choose that? It seemed too good to be true!

Of course, like all things that seem too good to be true, it is. I’ll show you why in this article.