Which Medicare Plan Is the Right Choice for You?

The US government administers the Medicare program to Americans age 65 and older to ensure continued healthcare coverage even after retirement, when tradit…

The US government administers the Medicare program to Americans age 65 and older to ensure continued healthcare coverage even after retirement, when traditional medical insurance coverage ends. As with almost everything, Americans value choice and the US government provides.

There are four parts to the US Medicare plan. Recipients become eligible for all four parts of the plan upon reaching age 65 but not every American senior wants the full spectrum of coverage.With so many options to choose from, which Medicare plan is the right choice for you?

First, learn what each part of the program covers.Tomorrow’s state of health is unpredictable but, by age 65, most of us are pretty in tune to personal status quo.Opt for coverage you’re more likely to use and forget about coverage that seems unimportant or of remote use.

Do you go through life with reckless abandon? Plan A covers hospitalization.Patients who spend three days and three nights or longer in a hospital often require lengthy stays in skilled nursing centers.Plan A covers the expenses aging daredevils might accrue during long-term stays in nursing facilities.

Is your approach to life a little more calculated and predictable? PlanB pays the doctors, nurses, and other healthcare providers for procedures that are of common use. Plan B covers most emergency medical situations, just in case, as well as many of the routine treatments, tests, and devices needed by an aging population to maintain maximum health.

Going for the gold in the Golden Years? Plan C is the icing on the cake.It fills in the gaps between Plans A, B, and D and it provides some luxurious enhancements to service options, too, such a yoga classes, nutritional consultants, and massages.

Look great, feel great, but rely on prescription meds every day? Plan D is all about prescription coverage. Enrollees choose from several levels of involvement, with each level of coverage capping a dollar-amount limit to the amount Medicare will pay for prescription drugs during the coverage period.

Each phase of the overall Medicare supplement plans comes with a different premium amount. Recipients must pay a monthly premium for their coverage of choice.The more individual plans a recipient enrolls in, thehigher the monthly premium to Medicare.

Premiums for coverage under Plan C, the Medicare Advantage plan, are made to individual coverage providers.The Medicare program pays the insurance provider a percentage of the cost of an enrollee’s monthly premium and the enrollee pays the remainder.Costs, services, and terms vary from one Medicare Advantage service provider to the next so comparative shopping is a must when considering Plan C.

Life changes, even after retirement.Fortunately, Medicare offers the option to change coverage each year, as life dictates.The Medicare plan that works best this year might not work so well next year. Each Medicare recipient gets the option to alter coverage for the comingyear, customizing coverage to meet anticipated need. Enjoy what works best this year, knowing coverage can be adjusted next year to achieve maximum results and ensure optimum health.