Medicare Open Enrollment: shop around

In today’s world, we’re all a little more conscious of costs. Maybe we clip a few more coupons, eat out less, or compare ads to find the best price on something before we buy.

Cost is an important factor in any purchase, and health care is no different. We know you want to get the best value possible from your health care coverage. But you still need to make smart choices to get good value out of your health insurance.

There may be dozens of Medicare plans in your area, all with different costs and levels of coverage.How much are each plan’s premiums and deductibles? How much will you pay for the benefits and services you’re likely to use? Is there a limit on what you’ll have to pay out-of-pocket for the year?

Prescription drug coverage is another part of the cost puzzle. How much will your prescriptions cost under each plan?  Does the plan cover the drugs you take? Remember, thanks to the Affordable Care Act, everyone who reaches the Part D coverage gap (or “donut hole”) will benefit from a discount of more than 50% on covered brand-name drugs.

Only you can determine what mix of benefits and costs will work best with your needs and budget. Shopping around can make a huge difference, and we want to help.

The Medicare Plan Finder makes it easy to compare plans so you can pick a plan that meets your needs. After you’ve narrowed your options, you can call the plans you’re interested in to get more details about their benefits and services, or check out their websites.

Whether groceries, health insurance, phone plans or anything else, you want value for your dollar.  Make sure you have the most up-to-date information out there.