Affordable senior health insurance is possible to find, even though it may seem like every option you select is going to put an extra strain on your budget. You just have to know what to look for, especially if you’re shopping for an alternative to your current plan. It’s possible to lower your deductibles and decrease your out-of-pocket spending – just answer these questions to establish guidelines that will help you get started.
Set Your Priorities
The reason you’re looking for affordable senior health insurance is because cost is a central concern – that’s the case for many budget-conscious older adults. However, it’s also vital to balance additional considerations. There is no use paying for a plan that doesn’t meet your needs or doesn’t cover the specialized care you need to maintain your health. While price may be a top contributing factor in making your decision, think about your other priorities as well, such as maintain wellness throughout retirement.
Do You Have Mounting Healthcare Bills?
Are you paying thousands of dollars a year under original Medicare coverage? This may be your motivation for searching for a new Medicare Advantage plan – you know you’ll enjoy an out-of-pocket spending limit cap. While that’s a big draw, while you’re searching, don’t just look at the price of co-pays – look at the total cost of the plan to see actual cost savings.
Do You Need a Specialist?
Never sign up for a new plan, even if it seems like it’s the most affordable senior health insurance available, unless you’re 100 percent sure your current specialists are included in the coverage. This is especially important if you have serious health concerns that warrant the need to continue receiving care from your current team of specialized doctors. No cost savings are worth risking your health status.
Do You Need Extensive Drug Coverage?
If you have a long list of prescriptions, you should never sign up for a Medicare Advantage plan without researching the extent of the drug coverage. You can search for a plan on the official Medicare.gov website, enter all of your medications and see the current charges for each that you would be responsible for, according to each plan. Even if you find what you think is affordable senior health insurance, a lack of comprehensive drug coverage could be a deal-breaker.
Can You Use Your Local Pharmacy?
Beyond coverage of your regular medications, you also need to find a plan that includes preferred pharmacies near you. If your local pharmacy has a contract with the plan, you’ll pay a lower price. Even if the difference seems slight, small charges can add up over time. Choosing affordable senior health insurance that gives you the lowest medication price at your local pharmacy saves you time and money.
Let the team at My Senior Health Plan assist you in your search for affordable senior health insurance that is truly affordable and also gives you peace of mind about your healthcare coverage – call today for a free consultation.