When it comes for you to determine you coverage under Medicare you should speak to an adviser that represents many plans, especially when it comes to selecting a Medicare Advantage Plan.
Objectivity is key. You want someone who is familiar with the plans in your area and that can communicate the pro’s and con’s of each one.
These are the 3 main factors to consider:
- Network
- Formulary (list of covered medicines and drug tiers)
3)Costs in terms of co pays for health and prescriptions, co-insurance, Max Out Of Pocket amount, and in some cases premium.
Many people select their MAPD plans on the many extra benefits they receive. That’s a huge mistake. These plans are insurance and if something happens to you, you will have to rely on your pan to get you through it in an affordable and hopefully “hassle free” way. These are very important decisions that should not be taken lightly.
When determining your Medicare Supplement, you want to determine which plan letter will be best for you. (Supplements in Florida have 10 plan letters to choose from, A thru N) Than you want to find the best price. Remember, “Medicare Supplements Are Created Equal” in Florida.
If you have any questions, or would like to determine the best coverage for you, call me and we can go over your options.