Before you make an important decision like choosing the right healthcare plan it’s vital to gain as much information as possible. When you fully understand the financial and practical outcomes from each healthcare option, you can make the best choice for both your health and your budget. This is what you should ask yourself when you’re examining every senior health insurance quote you receive.
Is the Premium a Good Value?
The dollar amount of each premium is easy to compare, but it doesn’t tell the whole story. To gain the full perspective on the cost of each plan, you have to look at the overall value, and this includes analyzing the out-of-pocket costs like deductibles and co-pays.
First, consider your healthcare needs. Do you visit the doctor often? You will be primarily concerned about the cost of co-pays. Even if the premium is slightly higher, you would rather opt for a plan with lower out-of-pocket costs. On the other hand, if you rarely visit the doctor, a higher co-pay is acceptable, especially if it means you’ll have a lower premium.
Is Your Doctor In-Network?
A comprehensive senior health insurance quote should also include a list of approved network doctors in your area. You should be able to find out if you will still have coverage if you stick with your current, trusted doctor. It can be difficult to change doctors later in life. You are probably more comfortable discussing your health with a professional who has known you for years. Finding a plan that allows you to stay with the practice you prefer may be a deciding factor when comparing different quotes.
Are Your Prescriptions Covered?
Check your list of current medications. Are they all covered under the plans you’re comparing? Find out how much of the cost you’ll be responsible for before you choose a plan – drug coverage can vary widely and these costs should be considered in your decision.
What Additional Benefits Are Included?
Some Medicare Advantage plans offer vision and dental coverage. Some reimburse you for a gym membership. Take into account all the additional benefits offered because it could help you save costs in other areas of your budget.
What Is the Star Rating?
Every senior health insurance quote should include the star rating of the plan you’re considering. Medicare Advantage plans are given a star rating between one and five, with five offering the best overall performance.
Keep up with annual plan changes – trust My Senior Health Plan for up-to-date information about your current plan and receive comparable senior health insurance quotes when you’re thinking about making a change.