Retirement Weekly: 5 tips to pick your best Medicare plan

by | Nov 29, 2023 | Stock Market

For one of every five Americans, the most important fall ritual has nothing to do with leaf-peeping or football or pumpkin spice.  Oct. 15 to Dec. 7 is the annual open enrollment period for consumers to pick a Medicare or Medicare Advantage plan. 

The healthcare choice is important but changing for the 60 million Americans on Medicare. In 2023, for the first time, most seniors opted for Medicare Advantage over traditional Medicare, with 30.8 million selecting the privately managed plans.  As a son who has tried to help my own parents select a medical plan, I find the whole process daunting — and I am CEO of a senior health company.   My parents’ mailbox and email boxes started filling with medical sales pitches in the summer — sometimes it’s hard for them to watch their TV shows without a local healthcare ad — and the onslaught doesn’t stop until after the first snowfall.  After seeing both sides of the healthcare selection process as a son and medical executive, I offer these tips to help simplify the shopping for a Medicare or Medicare Advantage plan:  Start by making a list of what’s important The key here is to match your specific medical needs with the services covered by a particular plan. Do you have medical specialists crucial to your personal healthcare? Make sure they’re covered by your plan. If you rely on one prescription drug, then compare the price under dif …

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[mwai_chat context=”Let’s have a discussion about this article:nnFor one of every five Americans, the most important fall ritual has nothing to do with leaf-peeping or football or pumpkin spice.  Oct. 15 to Dec. 7 is the annual open enrollment period for consumers to pick a Medicare or Medicare Advantage plan. 

The healthcare choice is important but changing for the 60 million Americans on Medicare. In 2023, for the first time, most seniors opted for Medicare Advantage over traditional Medicare, with 30.8 million selecting the privately managed plans.  As a son who has tried to help my own parents select a medical plan, I find the whole process daunting — and I am CEO of a senior health company.   My parents’ mailbox and email boxes started filling with medical sales pitches in the summer — sometimes it’s hard for them to watch their TV shows without a local healthcare ad — and the onslaught doesn’t stop until after the first snowfall.  After seeing both sides of the healthcare selection process as a son and medical executive, I offer these tips to help simplify the shopping for a Medicare or Medicare Advantage plan:  Start by making a list of what’s important The key here is to match your specific medical needs with the services covered by a particular plan. Do you have medical specialists crucial to your personal healthcare? Make sure they’re covered by your plan. If you rely on one prescription drug, then compare the price under dif …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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