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What I Learned Trying to Leave an Employer-Sponsored Medicare Advantage Plan
Season 14 · Episode 412

What I Learned Trying to Leave an Employer-Sponsored Medicare Advantage Plan

Teach and Retire Rich · Daniel Otter, PhD and Scott Dauenhauer, CFP®

February 6, 202654m 11s

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Show Notes

Many teachers are offered a subsidized Medicare plan from their school district when they retire. They are told this is a great benefit that they have contributed to their whole career. Sounds great, right? Most don't realize that what they are being offered is not traditional Medicare. It is a more restrictive form of healthcare called Medicare Advantage. They also don't realize that the choice they make at 65 can affect their healthcare options for the rest of their lives. As they get older and require more healthcare, they may not be able to switch to original Medicare.

We speak with a woman who describes the ordeal she went through to escape Medicare "Advantage."

Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).