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Medicare - Choosing What Is Best For You

February 15, 2012 | Comments: 0 | Views: 161

The time is passing like a freight train propelling you into your sixty-fifth year of life. You have gotten enough information in the mail to start your own post office and you open that one piece to let you know your birthday is closing in fast, your Medicare card. There you sit with your red, white and blue card and are probably asking yourself what to do now. How can you possibly wade through all of the information you have received and get a clear picture of what decision to make for your future health care? The most treasured piece of mail you will receive is the Medicare & You that is distributed by the Centers for Medicare & Medicaid Services. This is your new bible on senior health coverage. Do yourself a favor, grab a cup of coffee and a highlighter, and read it. There will undoubtedly be parts of it that you won't understand, so use that highlighter. There will be sections that don't even pertain to you, so don't waste your time.

As you know, Medicare is not free and Uncle Sam will be deducting approximately $100.00 out of your social security check for your Part B coverage. This deduction will be automatic and Medicare will not cover all of your medical costs. Your biggest decision will be on what you can afford to pay to cover those extra medical expenses. Do not purchase coverage you cannot afford. You will end up not being able to pay and risk losing your insurance. Since you have many different choices you can always find your most affordable coverage.

The best place to gather the information you need is the Medicare website. This site will help you decide what coverage is best for you. Make sure you enter all of your personal information that is requested.

The last important decision you will make is what company you trust to provide your coverage. Once you have gathered the facts, look for insurance companies in your area who are providing what you have chosen to be best for you. The four criteria you should use in choosing a carrier is how well they handle payment of claims, their industry rating, their basis for increasing premiums, and cost for coverage in that order. Once you have made your list of companies, you should start calling the ones that handle your area of residence to get those left over questions answered and do some comparisons. Make sure you compare the exact same coverage.

The main point to keep in mind in this process is not to get frustrated. Take your time and go through the information step by step. In this time of instant access online, there is always a place to go for answers. If you need more help, call the local office who handles your homeowners and/or car insurance. They will be able to answer your questions or guide you in the right direction.

Source: EzineArticles
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