Basic Medicare with no backup insurance is a costly mistake

Experts say about one-third of Medicare beneficiaries use Medicare Advantage plans, which offer out-of-pocket maximums and often include dental and vision coverage or other extras; however, about 19 percent who stick with basic Medicare have no extra coverage. Considering basic Medicare with no backup insurance could be a costly mistake. With deductibles, copays, coinsurance and no out-of-pocket maximum has a variety of costs that make having no backup insurance a huge financial risk. Read article here…

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