Learning About Medicare and Medicare Advantage

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We recently gathered some Medicare information for a client of ours who is approaching their 65th birthday.  We thought we would share our findings with a broader audience and have included our thoughts in this brief blog, with links for some further information on the web.

Understanding Medicare can be a daunting task, and finding the right plan can also be a challenge. Luckily, there are many different sources that can be extremely helpful in searching for information.

When beginning the search, we discovered there are personal preference options like choosing between Original Medicare and the seemingly popular Medicare Advantage Plan. These plans should be pretty familiar to most as they are structured to be similar to a Health Maintenance Organization (HMO) or Preferred Provider Organization (PPO). Still, choosing the right one can be difficult.

Fortunately for us, Medicare.gov has some really helpful information on the steps to take in signing up for Medicare like an easy checklist of the six things you should do once you get Medicare. There’s also a nifty tool called the Medicare Plan Finder that will help you choose a Medicare Advantage Plan, if that plan is what you decide is the best route for you.

From our experience and research, choosing the right plan is very much dependent on your current health, your prescriptions, doctor preference, location, budget and personal preference, as it should be. Below, we have gathered a list of web resources that should help you navigate through your choices for Medicare and the options to consider when selecting which plan will work best for you.

Getting Started With Medicare: Getting Started

What is a Medicare Advantage Plan: Medicare Advantage Plans

Original Medicare or a Medicare Advantage Plan: Comparing Medicare and Medicare Advantage

Medicare Plan Finder: Find the right plan for you

A great Breakdown of Medicare VS Medicare Advantage Plans: Breakdown – Medicare vs. Medicare Advantage

Sign Up for Medicare: Sign Up or Change Plans

 

Horizon Wealth Advisors
Horizon Wealth Advisors is a Houston-based, privately owned, fee-only financial advisor established in 1999. Our mission is to develop long-term relationships with thoughtful, successful individuals, families, and organizations by supporting and assisting them in achieving their financial goals.

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