Steps involved in picking a Medicare plan

Most people have a very big problem when it comes to picking a Medicare plan. It’s right that this can be very confusing. When you approach the private insuring companies, they will always advise you in favor of their interests, they will always want you to pick a premium with the highest price so that they can earn better, not minding about your spending. Picking a good or bad Medicare plan will determine how you will be handling your medical bills; its either you will be paying some amount from your pocket or nothing at all. However with this Medicare supplement plans 2020 there will be no more plan with free premium, but there are very other many factors to consider before choosing a Medicare plan, here are the steps o follow when making such choice.

1. Be keen with the timing

There is always an open enrollment period when you want to choose a Medicare plan, like for instance, in the case of Medicare advantage, the open enrollment period comes once yearly, so if your timing is wrong you might just not be able to pick anything. So always check out your 65^th birthday and the open enrollment period when it is opened because once you miss this period you may incur charges because you will be penalized.

2. Weigh the option you have

When you want to take a Medicare plan, you will need to first check the available options for you and weigh through them to see which one is affordable to you. You will obviously have two plans to choose from, that is, the Original Medicare and the Medicare Advantage. Original Medicare is a plan that is funded by the government so there is nothing that you are needed to pay for you to access this plan, it is consists of parts A and B where part A covers things that deals with hospital insurance while part B deals with medical insurance, these two are paid by the government so you access them for free through Original Medicare.

Medicare advantage is provided by private insurance companies, this one also contains parts A and B so you still get to enjoy the benefits that comes with these parts, however, this plan also involves part D, which has the benefits of drug prescription. The Medicare Advantage plan has premiums which need to be bought, this means it is not for free you will have to pay monthly for the premium you choose.

3. Pay attention to drug prescription coverage

You should be very keen when you are selecting this plan, this is because you will have to select a package which has the kind of drugs you will need, many people select without knowledge and end up selecting the packages that contain the drugs which they don’t even use and turns out to be expensive for nothing. First, before you go for this plan, make sure you have consulted a doctor and know which kind of drugs you will need with their correct prescription and then go for the package that contains those drugs.

4. Choose the plan

After you have put all these considerations in mind you can now chose the one you think it is favorable to you. When choosing the type you want, you should consider the cost if there is any, check the coverage, what does it cover and finally you should check at the quality, how those offering the plan deals with customers

5. Enrollment

After you have assessed the situation in both plans, and you have identified which is the most affordable if your focus is on cost, or if they cover the specific services you want if your focus is on coverage and finally if they offer quality services or not. After all this then you will need to get the best insurance company that is reliable, check through the premiums and enroll.

Be very careful when you chose a plan because it will affect you when it comes to treatment.