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.