Choosing Wisely If You Go with Traditional Medicare
In This Chapter
Discovering the importance of comparing plans carefully
Utilizing Medicare’s online plan finder to discover the best Part D drug plan for you
Picking the Medigap supplemental policy that best meets your needs
Deciding on traditional Medicare as the way to receive your medical benefits under Part A and Part B means that you may need to add Part D prescription drug coverage and may want to buy Medigap supplemental insurance to cover most of your out-of-pocket costs. I say “may” because many people who choose traditional Medicare don’t need Part D drug coverage or supplemental insurance. So if you have retiree benefits that provide good drug coverage, take care of services that Medicare leaves out, and/or pay for some of Medicare’s deductibles and co-pays, you can skip this chapter and head to Chapter 13.
Similarly, if you’ve decided to get your benefits through a Medicare Advantage plan, such as a health maintenance organization (HMO) or preferred provider organization (PPO), rather than traditional Medicare, skip this chapter and turn to Chapter 11, where I discuss how to go about comparing plans to find ...