Do you have enough coverage?
As you grow older your health care needs often change. In general, people need to add health insurance coverage to their existing policies, but in some instances you may actually be paying for coverage you don’t need or use. It’s a good idea to sit down with a licensed health insurance agent and go over your health plan with a fine-toothed comb to see if you need additional benefits or can cut some out. You may be better off with a Medicare Supplement or Medicare Advantage plan when you retire rather than original Medicare as they provide additional benefits.
Come to grips on the Affordable Care Act
There will be several new health insurance laws in place when the Affordable Care Act is fully implemented. Most seniors will benefit from the reforms and it’s important to know the details. For instance, you’ll be able to receive preventive care without having to take care of a co-payment out of your own pocket or any other fee.
On the other hand, if you’re visiting a health care provider for preventive reasons and you receive an additional service or procedure at the same time, you might be required to pay. It’s a good idea to know exactly what your financial responsibilities are before getting treatment.
Keep your eye out for a better deal
Just because you have a Medicare plan in place doesn’t mean you’re stuck with it for life. Keep on top of what’s on the market each and every year during the program’s open enrollment period. You’ll find that health insurance providers may release new policies and discard some of the older ones.
Of course, they may also raise the rates. Take the time to compare all of your options to make sure you’re getting the best possible coverage at the best possible price.