Medicare Open Enrollment: It’s good to shop around
In today’s world, we’re all a little more conscious of costs. Maybe we clip a few more coupons or compare ads to find the best price on something before we buy. With the internet, we also have a wealth of information online to help us shop around. Cost is an important factor in any purchase, and health care is no different.
We know you want to get the best value possible from your health care coverage. But you still need to make smart choices to get good value that meets your own health care needs. There may be dozens of Medicare plans in your area, all with different costs and levels of coverage. With all these choices, you may have questions like: How much are each plan’s premiums and deductibles? How much will you pay for the benefits and services you’re likely to use? Is there a limit on what you’ll have to pay out-of-pocket for the year? If you’re currently in a plan, how does that plan stack up to the other plans that are available?
Prescription drug coverage is another part of the cost puzzle. How much will your prescriptions cost under each plan? Does the plan cover the drugs you take? Remember, thanks to the Affordable Care Act, everyone who reaches the Part D coverage gap (or “donut hole”) will benefit from a discount of 55% on covered brand-name drugs.
Only you can determine what mix of benefits and costs will work best with your needs and budget. Shopping around can make a huge difference, and we want to help. The Medicare Plan Finder makes it easy to compare plans so you can pick a plan that meets your needs. After you’ve narrowed your options, you can call the plans you’re interested in to get more details about their benefits and services, or check out their websites.
Whether it’s groceries, health insurance, or anything else, you want value for your dollar. Make sure you have the most up-to-date information that’s available.
Filed under: Open enrollment