How Do I Choose the Right Medicare Plan?

Choose the right Medicare Plan

When you are ready to choose the right Medicare plan, it can be a confusing and difficult process.  In addition to Medicare Parts A and B, there are a variety of different plans that can give you the health coverage you need.  At Medicare Solutions, we help you review the different plan options and enroll in the Medicare plan that best suits your needs. If you are eligible for Medicare Advantage programs, you can enroll in an HMO, PPO, private-fee-for-service (PFFS), or medical savings account (MSA) plan, depending on its regional availability and eligibility requirements. If you are dissatisfied with your plan, you have the option to enroll in a different plan or Medicare Parts A and B during the Medicare Open Enrollment Period.

If you decide to enroll in Medicare Parts A and B, you can add a supplementary Part D prescription medication plan or supplementary Medigap insurance.  If you already have Medicare Parts A and B, Medicare Solutions can also help you review plan options for Medicare Supplement plans that may help pay costs not paid for by your Medicare Parts A and B.

Important Considerations

When choosing your Medicare plan, there are several variables that you need to keep in mind. Many Medicare plans are located regionally and are not available everywhere in the United States. To find out what plans are available in your area, navigate around the Medicare Solutions site or call (800) 328-7305.

You must also determine what you need in a Medicare plan. Some Medicare Advantage plans can offer you additional benefits, available at an additional charge. Many Medicare Advantage plans can lower your health care costs, depending on the plan you select. Some Advantage plans, like HMOs or PPOs, limit the doctors and providers you can use to a local network: if you use providers outside of the network, you may face an extra charge. On other plans, you are required to get a referral from your primary care physician in order to see a specialist. Travel arrangements are another important factor in selecting a plan. If you chose a Medicare Advantage plan with a network and frequently travel outside the network, that plan might not suit your needs.

Cost is a major factor that you should consider when enrolling in Medicare plans. Medicare supplement plans are sometimes referred to as “Medigap” plans.  If you enroll in Medicare Parts A and B, you may opt to pay for a supplemental Medigap policy. Some HMOs and PPOs will charge you if you decide to use an out-of-network provider. Some Medicare Advantage plans already include prescription medication coverage, so it is not necessary to enroll in a complementary Part D prescription drug plan. Extra benefits may be available at additional costs, so it is necessary to understand the costs associated with your plan.

Another important issue to contemplate before you enroll in a Medicare plan is the benefits included. CMS requires all Medicare Advantage plans to provide you with the same general coverage that you would receive under Medicare Part A and Part B. Some Medicare Advantage plans include vision, dental, medication, and hearing coverage at a possible extra cost. However, some Medicare Advantage plans have restrictions on the doctors, hospitals, and specialists that you can use. HMO plans require you to use network providers, and you may have to pay extra to use out-of-network providers. Generally, HMO plans will allow you to see a specialist only with the referral of your primary care physician. In PPO plans, you can access physicians outside the network, but it may come at an additional charge. Most PPO plans permit you to see a specialist without a primary care referral. If you enroll in a PFFS plan, your chosen provider must accept Medicare and the plan’s terms of payment. Referrals are not necessary for specialist appointments.