You have the option to change your drug coverage each year, and some plan
types allow you to enroll at any time. But it can cost you money if you wait too
long or make a bad choice. Here are five tips for Ohio Medicare newcomers.
1. Learn the Medicare basics Ohio. There are two basic ways to cover yourself: Original Medicare (Part A and Part B) or a Medicare Advantage plan.
If you choose Original Medicare in Ohio, you will likely need a separate
prescription drug benefit (Medicare Part D). You may also want a Medicare
Supplement (or Medigap) plan to fill in some gaps in Original Medicare.
Medicare Advantage plans typically include a prescription drug benefit
(Medicare Part D). Some may also provide things like vision and dental coverage.
2. Choose an affordable Medicare plan Ohio.
Calculate your income: Social Security benefits, pensions, etc. Then, list your
expenses: mortgage/rent, food, etc. Balance the two and see what you have left
for Medicare coverage.
There are Medicare plans available with no monthly premiums, beyond the
standard Social Security deductions for parts A and B. If you know what you can
afford, it’s easier to shop.
3. Evaluate your health Ohio. Talk to your doctor about your health and long-term health risks. Then, look for coverage that fits your specific needs. Be aware that some Medicare supplement plans charge a higher premium based on your age, so be sure to consider this when evaluating the long-term costs of a specific plan.
4. Get the right drug benefit Ohio. If you take prescription drugs, a drug comparison tool like the one at www.medicare.gov can help you pick a plan that covers your drugs at the lowest possible cost. Not all drug plans cover the same drugs, at the same price or in the same quantities. Trying to calculate the costs on your own is daunting, but a drug comparison tool makes it easy. Do this every year during the annual enrollment period. We will be happy to help you through this process.
5. Challenge brand loyalty Ohio. Some plans come from companies you’ve heard of. Investigate brands you trust but also consider plan prices.
All Medicare Supplement plan types (there are 10: A,B,C,D,F,G,K,L,M and N)
must offer the same benefits. A “D” supplement plan from one insurer must, by law,
cover the same services as a D supplement plan from another insurer in the same
area. But costs for Ds can vary widely. Use an Ohio online comparison tool to compare
benefits and prices side by side and make an informed decision.
6. Ask for help Ohio. There are resources online, by phone and in person. You can call us at (888) 769-1981 or call the State Health Insurance Assistance Program or the federal
government’s (800) MEDICARE. Good Luck in your search!