Most people may say they understand their medical plans, but could still be making costly mistakes
The Medicare Advantage enrollment deadline is March 31, and those still looking to change healthcare plans should do their research on coverage before signing up.
Eight in 10 people said their understanding of their Medicare Advantage plan is “good” or “very good,” according to a Healthcare.com survey of more than 1,000 participants who were 65 or older and said they were currently or previously enrolled in Medicare Advantage. But another four in 10 think they don’t have to stay in-network, which can be a mistake with a big price tag attached.
Want more actionable tips for your retirement savings journey? Read MarketWatch’s Retirement Hacks column Picking a plan can be complex. Aside from the different types of plans, like Health Maintenance Organizations , Private Fee-for-Service and Preferred Provider Organization plans, depending on the option, additional services include transportation to doctor visits or services to promote wellness.