Medicare beneficiaries all have one thing in common. They want the best Medicare plan. If you decide to go with a Medicare Advantage plan, you might be wondering which one is the best. In Brooklyn, New York, for example, there are about 40 different plan options. So how does a new Medicare beneficiary choose the best plan? Here’s the answer: There is no such thing as the best plan.
When selecting a Medicare Advantage plan, you should look for the policy that fits you the best. It might not be the same one that your friends or relatives have; it might not even be the popular national brand. It might be a small local plan with low co-pays and a small but cozy doctor network, you never know. Find a policy that all of your doctors accept, that covers all of your prescriptions, and gives you valuable freebies that can save you money. That’s the key. The truth is that by law they all have to cover at least what Medicare covers so the difference will be in the doctor networks, prescription drug formularies, premiums, and co-pays. And those factors will differ for everyone based on their health, doctors, prescriptions, and income.
Bottom line here is that Medicare Advantage Plans are not one size fits all. Don’t waste your time trying to find out which one is the best, that’s a matter of opinion. Do your homework and find a plan that meets you where you are.