Decision: What's the Right Coverage for You?
WebMD Medical Reference
This information will help you
decide what Medicare coverage suits your health care needs best.
Key Points in Making Your
There are many choices for health coverage in the Medicare system. You are
eligible for Medicare Part A (hospital care) and
Part B (doctor visits) when you turn 65. But you can
opt out of Part B if you don't want to keep it. Consider
the following when making your decision:
- If you are covered by other health insurance now
(from your employer or a spouse's), there is no penalty if you defer Part B
(doctor visits) until you or your spouse retires.
- If you are not covered by other insurance, and you do
not keep Part B, you will pay more if you enroll later on.
- If you do keep Part B, you can buy extra
insurance to cover health care costs that the
traditional Medicare plan does not cover. Or you can
choose a Medicare Advantage (formerly called
Medicare + Choice) plan.
Information to Consider
Your choices for Medicare coverage are:
- Keep your employer's health plan if you are still
- Get Part A to cover only hospital costs, or.
- Enroll in the original Medicare plan (Parts A and B,
covering hospital and doctor visits), or
- Enroll in
Medicare Advantage, which are privately run
health plans sponsored by Medicare.
Medicare Part D will pay for prescription drugs in
2006. Until then, you may want to consider extra
coverage to pay for prescription drugs and services not
covered by Medicare. You can buy: