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If you live in California, and are over the age of 65, you’re probably looking for the right medicare plan.
You’ll find over 25 different plans to choose from. Plus you will find that each one offers different copays, alliances with pharmacies and providers, and premiums.
With so many choices, you need to review everything carefully so you can find a plan that’s best for you.
If you follow my work, then you know that I am a longevity activist – born in 1960. I wrote a bestselling book on how to live longer, younger, healthier called Life is Long. I love doing whatever I can to help people age at their happiest and healthiest. With this in mind, below are some important things to consider before deciding between Medicare plans.
Look at your existing coverage. Ask yourself the following questions:
While not all these questions will apply, they can help you figure out the coverage you need.
Before you enroll in Medicare coverage, review any insurance plan you’re now using.
Be sure to check with your insurance agent or a benefits representative so you can learn how the plan’s coverage will work with Medicare coverage.
If you want to stay with your current doctor or healthcare provider, you should find out if they participate in the plan you are thinking about.
The PPO Advantage Plan offers more freedom. You don’t have to choose from any pre-approved, in-network doctors. But you’ll usually pay higher fees out of your own pocket.
Traditional Medicare parts A and B will not cover the costs of your prescription drugs. Want this insurance coverage, too? You’ll need to purchase the Medicare Part D plan or the combined coverage with a Medicare Advantage Plan.
If so, choosing a traditional Medicare plan may be preferred. This insurance coverage is accepted at locations all over the country. And you won’t need to choose a primary care physician or to get referrals to visit a specialist.
For many people, this is a preferable option compared to having to choose from a pre-approved list of doctors.
PPO and HMO Medicare Advantage Plans will be limited to certain regional areas of coverage. If you go this path, you’ll have to coordinate the care you receive through your primary care physicians. Or you’ll have use a doctor or doctors who are a part of the pre-approved network.
Medicare Part A plans cover hospital care. You get this at no additional fee.
Part B covers medical care. But you’ll have to pay a monthly premium.
You’ll also find more info at the Medicare.gov website.
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