Medicare Doesn’t Pay for Everything: How to Bridge the Cost Gap

Published On Feb 15, 2025, 5:00 AM

The article discusses the options available for older Americans to cover out-of-pocket healthcare costs associated with Medicare. It compares two primary Medicare options: traditional Medicare and Medicare Advantage. Traditional Medicare requires supplemental insurance, known as Medigap, to cover costs that Medicare does not, while Medicare Advantage plans come with annual out-of-pocket limits but are managed by private insurance companies and can restrict access to providers. The article emphasizes the importance of understanding the trade-offs between these options, particularly in relation to costs and healthcare access, especially in light of recent changes aimed at reducing healthcare expenses.