With employer offered health plans having changed in recent years, it is a smart idea to compare your employer health plan to that of Medicare plans. Since looking at plans can be confusing, I recommend looking at a few areas to compare. Below I have listed questions I would advise seeking answers to so you can best compare.
Questions to gather answers to about an employer health plan:
- What is the Maximum-Out-of-Pocket of the plan?
- What is the deductible of the plan?
- What is the plan monthly premium?
- Do you contribute to a Health Savings Account (HSA)?
- Do you have a network of certain doctors & hospitals to see? If so, are my doctors in network?
- How much are prescription copays?
With these questions in mind, learn about Medicare Options.
Questions to ask about a Medicare Supplement Plan
- What is the Maximum-Out-of-Pocket of the plan?
- What is the deductible of the plan?
- Will I have any copays?
- What is the plan monthly premium?
Questions to ask about a Part D Prescription Drug Plan
- What is the deductible of the plan? Does the deductible apply to all medications?
- What will the copayments be on my medications
- What is the plan monthly premium?
- How do I compare plans and determine which could be a good fit for me?
Questions to ask about a Medicare Advantage Plan
- Are my doctor(s) and hospital(s) in-network for the plan? If not, what costs would I incur?
- Does the plan have a deductible?
- What are the copays?
- What is the Maximum-out-of-pocket for the plan?
- What is the plan monthly premium?
- If I travel, how would this plan work?
To learn more about the plans offered in your area contact me and I can provide a description as well as provide resources so you can compare.
