Getting the Best Medicare Supplement for You

This is the time of year for Medicare open enrollment; the time to decide wht is the best program for you. There are many combinations of plans that you can chose from – including basic Medicare and some of its parts, or Medicare and various supplements including Medicare Advantage.

Many seniors get along well on Basic Medicare and some of the other plans, including prescripton drug coverage. When purchasing coverage in addition to basic Medicare, you can go through Medicare and the Centers for Medicaid and Medicare (CMS) to determine which parts of Medicare are best for you.

The Medicare and CMS websites have plenty of information and charts to compare information about different plans of coverage. Many of them are part of and can be purchased through Medicare. Others, including Medicare Advantage, must be purchased from independent insurance companies.

It is important to cardfully review the insurance companies and their prices. Some companies charge three times as much for particular coverage as other insurance companies charge for the exact same coverage. Many people are not aware of this, and, as a result, they pay much more for coverage than is necessary.

The most important thing to remember – especially during open enrollment – is to take the time to compare carefully and determine which plans fit you best. While taking the time to make sure ouget the correct coverage, make sure to make your decisions and let Medicare know before December 31st, when open enrollment ends.