There are three main steps to choosing a good Medicare Plan: first, choose between a Medicare Advantage Plan or Original Medicare. Next, determine if Part D prescription coverage is needed. Lastly, settle upon whether supplemental coverage is needed, as well.
There are a couple of factors to consider when deciding between Original Medicare and Medicare Advantage. Original Medicare allows for doctor and hospital visits anywhere in the country, as long as they accept Medicare. With Medicare Advantage, the doctors and hospitals a person can visit may be limited to those in his or her network. With Original Medicare, the rates for services remain the same. However, the rates for services may change from year to year with Medicare Advantage.
Enrolling in Part D is advised, even if a person is not currently using prescription drugs. A person should enroll in Part D when initially signing up for Original Medicare. However, most Medicare Advantage plans already have Part D coverage. Delaying enrollment in Part D could increase the price of the monthly premium. The only time a person should choose not to enroll in Part D is if he already has prescription drug coverage or if he enrolls in Medicare Advantage.
Choosing to enroll in a supplemental plan is also an important factor when picking a good Medicare plan. Supplemental plans can help with out-of-pocket costs, as well as dental and vision costs, which are not included in Original Medicare.