How to Pick the Right Medicare Plan

health insurance

Selecting the best healthcare insurance plan for you may be a bit complex when there are so many options to choose from. What you need to do is focus on your most immediate needs, what items you can sacrifice, and what you might need in emergency situations. If you have a low budget, it is best to focus on priorities. If you have a high budget, you have room to add on additional services. The difference is that you have more out-of-pocket costs for less coverage, with the trade-off for more coverage being a higher premium. Finding the right balance for you will be the best way to get a plan you can stick with for an entire year.

Selecting the Right Medicare Plan

Creating a plan for you requires some research and digging to decide what you absolutely need and what you can live without.

Do You Need Part A?

When you are enrolling in the Original Medicare Part A coverage, you are selecting the insurance that includes in-patient services. This covers hospital stays and overnight visits to other clinical or medical facilities. This is typically a free service because most enrollees paid for this coverage during their lifetime of work. If you need surgeries and more intensive medical treatments, this is a better option to include as this can be very expensive.

Do You need Part B?

This option in coverage involves only out-patient visits. This includes doctor checkups and other visits to medical professionals or specialists. If you get frequent checkups with the doctor’s office, then you would need this service. For example, if you have regular mental health sessions or a chronic condition that requires a doctor’s oversight, this would work for you.

Is Part D an Absolute Necessity?

If you need prescription drugs frequently for a chronic issue, you should consider enrolling in Part D. This is because it is the only plan that includes a majority of prescription drugs. This includes any brand name drug or similar drug with the same active ingredients as popular brands. You would only be paying the deductible while the majority of the expense is covered by your plan.

Does Part C Work Best For You?

For those who need something more flexible, you can work with a private insurer who can include some drug prescription coverage, as well as some Part A and Part B components. You can combine additional vision, dental, and other benefits in this plan or specific services if you need more. Part C helps you to obtain a plan that doesn’t leave you out completely from Part A or Part B but removes some of the services you don’t need. If you have a sudden medical disability, you won’t get stuck with high expenses due to the lack of coverage.

Consider a Supplementary Insurance Coverage Program

A gap insurance plan can help those that simply need additional emergency coverage. For example, when you travel to different parts of the US or out of the country, this coverage plan will cover the costs, so it is far more affordable. It does not cover certain items like dental or vision, however. This is an area that you would have to work into Part C.

Find Out More

Work with professional agents who know all about Medicare plans to help guide you on the healthcare plans selection process. Find out more about how we can help you.


Your Medicare coverage choices