When trying to decide on what Medicare Health plan to choose, many people ask the question, What’s the best plan? The phrase “What’s the best Medicare plan” is a popular search term on the internet. What’s the answer?
The answer is, there is no “best plan.” There is no one-size-fits-all plan that is right for everyone. Here are the five reasons why:
1.Some plans are not available everywhere. Medicare operates on a county-by-county basis, and so many Medicare Advantage and Part D drug plans are not even available in every county in a state, much less every county in America. There are some great plans out there, but they aren’t available to everyone.
2. People have different medical needs. Your cousin with numerous health problems who has to see the doctor all the time. You, on the other hand, rarely go to the doctor. The best plan for your cousin may not be the best plan for you. Taking into consideration your health status is an important part of choosing the right plan for you.
3. People have different expectations for their plans. Some people would like extra services like dental and vision coverage or gym memberships. If so, they may gravitate toward a Medicare Advantage plan. Other folks may primarily want help with co-pays for doctors and hospitals. They may prefer a Medigap plan. Again, there’s no one “best” plan.
4. Not everyone can afford the same type of plan. Medicare supplement plans are typically more expensive in terms of monthly premiums than Medicare Advantage Plans are. Some people can afford the higher monthly premiums, and don’t mind paying them. Other folks have a tighter budget, and prefer a lower-cost option.
Don’t fall into the trap of thinking there is a “best” Medicare health plan out there. When you understand your medical needs, expectations, and monthly budget, you’ll be able to better evaluate your options and choose the best plan for you.