Important Questions for Clients Choosing Medicare Options

1. Is Medicare a “one size fits all” plan?

2. Does your Medicare plan have huge coverage gaps? Most clients aren’t aware of gaps when they purchase a plan. “Popular” doesn’t mean it’s right for you.

3. Do you know what your worst case scenario financial liabilities could be if a catastrophic event occurs? All is well if no event occurs, but we buy insurance for events we don’t expect.

4. Do you want freedom and flexibility?

5. What is your health like now, and what will it be in the future?

6. What is your monthly budget for health coverage?

These are just some questions clients need to consider when choosing a plan. I see many TV ads and hear many radio commercials promoting Medicare Advantage plans. In some cases, MA plans are excellent plans, but in many cases, often when it is too late, clients discover that MA plans can fall short of what they could need if a catastrophic event occurs. The wrong plan can actually wipe out a person’s assets and destroy their financial and retirement plans. In fact, the main reason for many bankruptcies are large Medical Bills. That is why clients have to know the facts before they choose a plan. It simply isn’t a “one size fits all” plan. Please have a serious discussion with a knowledgeable agent before you make any decisions. I can show you side-by-side examples of different plans and the financial liabilities associated with them if a catastrophic event did occur. If catastrophic events never occurred, then a simple MA plan would be just fine. However, we can’t predict what the future will be, and we have to take as much risk out of the picture as possible. Having a comprehensive knowledge of plan choices will help you make the best decision you can make at any one time.