Exercise caution with zero-premium Medicare Advantage plans

Health insurers will flood the Medicare Advantage market again this fall with enticing offers for plans that have no monthly price tag.

The number of so-called zero-premium plans has been growing for years, and they can appeal to retirees who live on fixed incomes. Experts say shoppers should exercise caution, because they might find better coverage at a relatively small monthly cost.

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The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual.

Tom Murphy is not affiliated with US Wealth Management, LLC and LPL Financial.

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