I am eligible for Medicare but am still working. How does Medicare compare to my employer health plan?
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 keeping it simple. Below are some questions to ask yourself as you compare.
- What is the Maximum-Out-of-Pocket of the plan?
- What is the deductible of the plan?
- What is the plan monthly premium?
- Do I have a network of certain doctors & hospitals to see? If so, are my doctors in network?
- How much are prescription copays?
Here is a printable form to help you fill in the answers to these questions. You can fill in the answers to your current plan compared to Medicare plans to see your options. Once you see the comparison in your situation you will know what is best for you. To view this form to print, click anywhere on the image here:
Below is a diagram to see the different ways to receive Medicare benefits to help you compare. Also see www.SeniorSavingsServices.com/Medicare-Options.
To learn more about the Medicare plans offered in your area contact me and I can provide a description as well as resources so you can compare.
About the Author
John Bush has been an independent insurance broker helping those on Medicare learn of their rights and options since 2010. He has helped many people find the right plan that is best for them. John is passionate about helping people in a manner that is easy to understand, resourceful, and non-pushy. John helps people get the best coverage for their premium dollar without sacrificing customer service.