Medicare coverage can be complex, but by following these 10 tips, you can get the most out of your benefits.
Remember to review your coverage options each year, take advantage of preventive services, and work with a trusted insurance agent to ensure you have the coverage you need.
Whether you choose traditional Medicare, a Medicare Advantage plan, or add a Medigap policy, the team at Absolute Best Insurance is here to help. Just call our Medicare agents at (561) 420-0280 in Port St. Lucie, Greenacres and Boca Raton!
Tip 1: Understand Your Medicare Coverage Options
When it comes to Medicare coverage, you have two main options: Traditional Medicare and Medicare Advantage plans. Traditional Medicare is the federal government’s health insurance program for people over 65 and those with certain disabilities. Medicare Advantage plans, also known as Medicare Part C, are offered by private insurance companies and provide additional benefits beyond what traditional Medicare covers.
Tip 2: Consider Medigap Coverage
If you choose traditional Medicare, you may want to consider purchasing a Medigap policy to help cover the costs that Medicare doesn’t. Also known as Medicare Supplement insurance, it is offered by private insurance companies and can help pay for things like deductibles, copayments, and coinsurance.
Tip 3: Review Your Medicare Coverage Every Year
Medicare plans can change from year to year, so it’s important to review your coverage annually to make sure it still meets your needs. This is especially important if you have a Medicare Advantage plan, as these plans can change their networks, formularies, and cost-sharing amounts each year.
Tip 4: Take Advantage of Preventive Services
One of the benefits of Medicare is that it covers many preventive services at no cost to you. These services include things like annual wellness visits, flu shots, and screenings for cancer, diabetes, and other health conditions as well as wellness programs. By taking advantage of these services, you can stay on top of your health and catch potential problems early.
Tip 5: Shop Around for Prescription Drug Coverage
If you take prescription medications, it’s important to find a Medicare plan that covers them at a reasonable cost. This may mean shopping around for a Medicare Advantage plan with a comprehensive formulary, or purchasing a standalone prescription drug plan (Medicare Part D) if you have traditional Medicare.
Tip 6: Consider Telehealth Services
Many Medicare plans now offer telehealth services, which allow you to see a doctor or other healthcare provider from the comfort of your own home. This can be especially convenient if you have mobility issues or live in a remote area. Be sure to check with your plan to see what telehealth services are available to you.
Tip 7: Understand Your Out-of-Pocket Costs
Even with Medicare coverage, you may still be responsible for certain out-of-pocket costs like deductibles, copayments, and coinsurance. It’s important to understand what these costs are and how they may impact your budget.
Tip 8: Keep Your Medicare Card Safe
Your Medicare card contains sensitive personal information, so it’s important to keep it safe and secure. Be sure to only give your Medicare number to trusted healthcare providers, and never give it out over the phone or email.
Tip 9: Take Advantage of Medicare Resources
There are many resources available to help you navigate the Medicare system, including the official Medicare website (medicare.gov) and local State Health Insurance Assistance Programs (SHIPs). Take advantage of these resources to get the information and support you need.
Tip 10: Work with a Trusted Insurance Agent
Navigating the Medicare system can be confusing, and it’s important to work with a trusted insurance agent who can help guide you through the process. At Absolute Best Insurance, we have offices in Boca Raton, Greenacres, and Port St. Lucie, and our agents are knowledgeable about all aspects of Medicare coverage. Whether you’re new to Medicare or looking to switch plans, we can help you find the coverage that’s right for you. Click here or give us a call at (561) 420-0280 for a FREE consultation.