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Saving Advice
Saving Advice
Lifestyle
Drew Blankenship

A Medicare Plan That’s $10 Cheaper Could Cost You $1,000 More in 2027

cheaper Medicare premium
Saving $10 monthly on Medicare premiums sounds appealing, but higher deductibles, prescription costs, and hospital copayments can quickly erase those savings. Compare total annual costs before switching plans. Rix Pix Photography/Shutterstock

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Saving $10 a month on Medicare might sound like an easy way to stretch your retirement budget. After all, that’s $120 a year you could put toward groceries, utilities, or prescriptions. But what happens if your cheaper plan charges more every time you visit a specialist, refill a medication, or spend a few days in the hospital?

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