10 states where Medicare Advantage will be the cheapest in 2019

Personal Finance

As you shop around for coverage, be aware that premiums for your Medicare Advantage plan only tell part of the story.

Be cognizant of your plan’s out-of-pocket maximums, deductibles — spending limits you must hit before your insurer begins to cover costs — as well as any copayments and coinsurance you need to pay for.

You should also understand whether your preferred doctors and hospitals are in-network. You could be on the hook for higher costs if you select a provider who is out-of-network.

“There are plans with small premiums every month, but that could be worthwhile because they have low out-of-pocket costs and the conditions you have are such that it’s worth it,” said Stahl.

“Consumers should make sure they shop around this year,” he said.

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