Choosing a Medicare Plan
Choosing a Medicare Plan can be very complicated and frustrating. With so many plan types and options, choosing the wrong plan can cost you thousands of dollars.
That’s why having a licensed Medicare specialist on your side is so important. We will compare plans for you for free and we will help you find one that offers the most coverage for the best price.
Contact the Taylor Brown Insurance at (719) 301-1220 to speak with us today.
everything about Medicare to help you find the best plan for your needs.
How to Choose a Medicare Plan
Choosing a plan is not something to take lightly. A gap in coverage can cost thousands of dollars and making a switch outside of open enrollment can cost you more in premium.
If you want to make this decision on your own, here are some tips to help you decide between plans:
Look at premium vs. coverage. Would you rather pay for more coverage that results in little to zero co-pays at a higher premium or pay a for less coverage at a lower premium that results in more co-pays with a higher out of pocket max.
If you travel, a Medicare Supplement Plan may work best because it is accepted anywhere Original Medicare is accepted.
Do you want the freedom of choosing your own doctors and hospital or are you satisfied by using doctors and hospital within a network?
Ask your doctors if they accept Medicare Advantage or if they only accept Original Medicare.
Keep in mind, we are here to help you anytime, for Free.
What Medicare Supplement Plan is Best?
If you are trying to decide which Medicare Supplement Plan is best for you, it’s going to come down to a choice between coverage and premium.
Medicare Supplemental Plan F has the highest level of coverage. It pays for all of your cost-sharing on covered services so you have no out-of-pocket expenses. However, if you are eligible for Medicare after January 1, 2020, Plan F is not an option for you.
Medicare Supplemental Plan G is the next best in terms of coverage. The only thing not covered is that you still pay the Part B deductible once per year.
After that, Medicare Supplement Plan N, should be considered. It provides many of the same coverages as Plan G, but has Co-Pays to see a doctor and an ER if you’re not admitted and does not cover the Part B excess charges. However, the premium is lower than Plan G.
Then there are seven other supplements with different coverages and premium savings that can also be considered.
Choosing a Medicare Advantage Plan
If you like Medicare Advantage Plans because of the low premium — sometimes at no cost to you — you can talk to a Medicare specialist from Colorado Springs Medicare Insurance Agency to see what plans are available in your area. Medicare Advantage plans are able to offer certain benefits that Original Medicare doesn’t cover, such as:
Caregiver Counseling and Training
Prescription Drug Coverage