I’ve been getting some questions from folks asking if they should change their Medicare coverage before the year is over. That’s a great question, and the answer is maybe.
Now I'm aware,some people really like their healthcare plan and don't want to change. That's awesome. But for those who don't, here are some of the things that should be thought through.
There have been a handful of doctors who are choosing to no longer work with Medicare patients. That’s a shame, but my understanding is that they sometimes don’t get paid by the government system, so I see why they hate it. If that’s the case, you may want to consider changing to a Medicare plan that will work better for you today and continue to work well for you in the near future.
There’s also the consideration of prescription drug costs increasing too. Hopefully, recent legislation will help negotiate down some of the most expensive prescriptions everyday Americans use, but until then whatever your Part D plan doesn’t cover comes out of pocket.
To help with the decision-making process, we had a chart made (I’m a huge fan of visual learning). This flowchart helps walk through:
- Consider changes in your overall health and need for care.
- Costs of premiums, deductibles, and such.
- Access to seeing your doctor, provider, service provider, or making sure you get the drugs you are looking for.
- Out-of-state concerns.
- Important dates to consider.
It’s not all-inclusive, but I hope it’s helpful.