Medicare Plans – One Size Does Not Fit All

“Medicare beneficiary” is certainly not your only role. You might be a teacher, executive, marathon runner, volunteer, entrepreneur, parent, grandparent, or many things at the same time.  No two Medicare beneficiaries are alike, and there is no reason why your health care coverage should not be as unique as you are.

There are a variety of factors involved when you explore Medicare health care coverage options, and many include very personal needs or preferences. Your lifestyle, budget, health, and long-term goals are all important elements to consider as you compare Medicare coverage choices.  You may have found that Original Medicare suits your needs, possibly with the addition of a Medigap (Medicare Supplement) policy and/or a Prescription Drug Plan. If you have discovered that additional benefits would add value to your health care coverage, you may find a Medicare Advantage (MA) plan or a Medicare Advantage with Prescription Drug (MA-PD) plan that will accommodate your lifestyle.  You should not have to compromise who you are in order to receive the health care coverage you deserve.

Even though Medicare is an individual coverage plan, your family certainly factors into any important decisions you make, and there is no decision as important as your health care coverage.  You and your spouse may travel a great deal, or perhaps volunteer abroad.  You may have adult children with families who you like to stay with on extended visits. In these cases, you may want a flexible health care plan that will follow you as you move around.

Other factors can affect your personal choices, as well. You might have a specific physician or specialist you want included in your medical care, or you may have certain durable medical equipment (DME) needs that have to be met.  Every beneficiary will bring individual requests, preferences, and needs to their Medicare decision-making process and should help guide you to the plan that is right for you.

The good news is that there could be many options available to you in your area.  Medicare Part C options include a variety of offerings, including Medicare Advantage HMO (Health Maintenance Organization) Plans, PPO (Preferred Provider Organization) Plans, and Private Fee-for-Service (PFFS) Plans. You may be eligible for a Special Needs Plan (SNP) or you might consider less common Medicare Advantage plans, such as an HMO Point of Service or Medical Savings Account (MSA).  Take the time you need during the Annual Election Period (AEP) to evaluate your choices. Comparing the plans available to you can help lead you to the plan that fits your individual needs.

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