Unsure Which Medicare Plan is Right for You?

By RetireMEDiQ

One of the biggest decisions individuals have to make as they retire is selecting a Medicare plan. Since Medicare is not one size fits all, RetireMEDiQ strives to find the right plan for your needs.

If you currently only have Original Medicare or are on a Medicare plan that you are dissatisfied with, you’re in luck because Medicare’s Annual Enrollment Period (AEP) is here!

Each year, Medicare beneficiaries are allowed a period from October 15 to December 7 to consider their satisfaction level with their current plan and even enroll in a new plan if they are dissatisfied. Learn more about the benefits of Medicare Advantage plans and Medicare Supplement plans below to determine which one would be right for you!

Top 3 Reasons to Choose a Medicare Advantage Prescription Drug Plan (MAPD)

Currently, over 40 percent of those eligible for Medicare in Ohio are on this type of plan, and experts are predicting that over 50 percent of these individuals will be on this type of plan by 2025. And due to increased funding from the federal government, we believe that Medicare Advantage will continue to thrive.

Individuals most often choose this plan type for the following reasons:

  1. Affordable costs for doctor visits and prescriptions
  2. Low or sometimes no monthly premium
  3. Medical and drug coverage combined into one plan

Source: Deft Research, 2018

Top 3 Reasons to Choose a Medicare Supplement Plan

It’s important to note that these plans do not provide prescription drug coverage, so many individuals pair a stand-alone Prescription Drug Plan (PDP) with their Medicare Supplement to help cover the costs of their prescription drugs.

Individuals most often choose this plan type for the following reasons:

  1. Ability to use any doctor or hospital
  2. All medical bills are paid for by insurance
  3. Unrestricted access to specialists

Source: Deft Research, 2018

Not Sure Which Plan is Right for You? We Can Help!

For more information or answers, please call our team of experts in Medicare at 1-866-600-5638 or visit www.retiremediq.com/flyers. We look forward to working with you and ensuring you have the right plan that fits your needs and saves you money!

Leave a Reply

avatar