Is a Medicare Advantage Plan Right for You?

Medicare Advantage plans can provide additional benefits beneficiaries can't get through original Medicare for no or a low monthly premium. But there are downsides to this insurance too.

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You've probably seen the commercials with Joe Namath touting all the extra benefits of a Medicare Advantage plan. Rides to doctor's appointments! Meals delivered to your home! Dental, hearing and vision, all covered at no additional cost! The extra benefits are real, but so are the trade-offs.

More than 60 million Americans were enrolled in either original Medicare or its alternative — a Medicare Advantage plan — in 2023 according to the Kaiser Family Foundation, and this is the time of year when those same Americans can change their annual coverage. Medicare open enrollment runs from Oct. 15 to Dec. 7. During this window, enrollees age 65 and older can switch between original Medicare and Medicare Advantage, or stick with the latter but select a different plan. The new coverage begins Jan. 1.

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Senior Retirement Editor,

Jackie Stewart is the senior retirement editor for and the senior editor for Kiplinger's Retirement Report. 

With contributions from