Understand How Medicare Works, What Your Options are, and how to pick the best Medicare Option, Medicare Supplement, Medicare Advantage, Medicare Part D, Drug Coverage
9. How toChoosea
company
MEDICARE SUPPLEMENTS CONSIDER
Price
Customer Service
Financial Solvency
Market Share
Historical Rate Increases
MEDICARE ADVANTAGE CONSIDER
Your Out of Pocket Costs
Extra Benefits
Network
Prior Approvals and rules to obtain services
Customer Service
Star rating
Historical changes
11. YOUR DECISION, Think about how you normally make
buying decisions
Do you prefer a Cadillac or a Camry?
Is flexibility the most important?
IsAccess to care the most important?
Is low cost up front most important?
Are the perks most important?
Why do I have to pick, I want someone else
to?
13. Part D
Have to cover at least 2 drugs in
each drug class
Have to meet basic coverage design
All have formulary
Coverage Rules
Use Network Pharmacies
Tier Structure (co-pays)
Similarities
15. Differences
among options
Quite Varied
Drugs covered different
Costs can vary based on
tier/coverage
Star Rating, Customer Service
Number of Medications
Covered
Preferred Pharmacies