When you become eligible for Medicare, several questions arise. What questions should you ask? And who should you ask? Trying to get answers can be a little more complex than you expect! Most people find it much easier to work with a local agent who can answer your questions clearly, and guide to help you choose the best plan for you.
What Medicare Plan is Right for Me?
The right Medicare plan will reflect your budget, your health needs, whether you take regular medications for a health condition, and other more personal questions, such as whether you want to continue to see a specific medical professional. The best plan for you as an individual can be identified with these questions answered. Each type of plan varies, and you don’t want any surprises, such as trying to go to your usual doctor and finding out they are not in your network!
Should I Enroll in Medicare if I am Still Working and Have Health Insurance?
If you plan to continue working past age 65, it may benefit you to hold off on enrolling in Medicare. You may want to avoid late penalties and enroll in the program anyway. You may find that enrolling in Medicare Part A (hospital insurance) at age 65 and continuing to take advantage of your employer-provided health insurance. Be aware that if you enroll in Medicare Part A (which may or may not have premiums based on how long you contributed to the program), you can no longer contribute to a HAS.
Can I Add Dental and Vision Coverage to my Medicare Plan?
Medicare Part A and Part B, also called “original Medicare,” do not cover vision and dental care. However, many Medicare Part C, or “Medicare Advantage Plans,” do. Many people choose Medicare Part C due to these plans’ added benefits.
Should I Have a Medicare Advantage Plan HMO or PPO?
The difference between these two plans is cost and how medical services are provided. A Medicare Advantage HMO plan will help pay for the medical care you receive from providers within the plan network. With a PPO plan, you can get help paying for medical care outside the network but will still benefit from paying less for providers within the network.
How Much Will I Pay Each Month?
Most people choose to have Medicare Part B (Part A may be free or may have a premium, based on your earnings over your working life) or choose a Medicare Advantage Plan (Part C). These plans come with a monthly premium. The amount you will pay each month will reflect the plan you choose. You will also be required to pay copays and coinsurance, so choosing a lower deductible plan, even with higher premiums, could be a better choice if you often seek medical care.
Suppose you need help choosing the right Medicare Plan. In that case, we suggest that you visit with one of our local agents, either in person, over the phone, or online, and allow us to offer you some guidance, answer your questions, and help you choose the plan that will work best for your budget and lifestyle.
