Employer Healthcare Plan Or Medicare?

By Tricia

Allsup

For many reasons, more and more people are continuing to work once they are Medicare-eligible at age 65. That‘s when they have to make an important decision: Should I continue on my employer’s healthcare plan, or is it time to switch to Medicare?

Staying on your company plan used to be the best way to go. Today, that decision isn’t so automatic. Don’t just assume that coverage is better through your company plan. Employers are financially strapped because of ever-rising healthcare costs, and their plans may have higher premiums, more expensive co-pays and less coverage than Medicare.

There have been a lot of changes in the Medicare program in recent years. It depends on which Medicare plan you choose, but many offer lower premiums than comparable coverage from your employer.

I’m not suggesting that you immediately cancel your employer plan and enroll in Medicare. I do, however, urge you to take the time and investigate which plan is best for you. Medicare and all other health insurance plans are complex and can be difficult to understand. Fortunately, you can get help navigating your options.

The Allsup Medicare Advisor can help you make an informed decision. Give us a call and one of our trained specialists will compare your employer’s plan with available Medicare plans and help steer you in the right direction.

We will:

• Assess your specific needs – including healthcare requirements, your doctors, prescriptions and budget.
• Identify available Medicare plans in your area that best fit your specific needs.
• Help you understand complex Medicare issues, such as the “donut hole” and coordinating benefits when you’re still working.
• Prepare a customized report of plan options and benefits that offers a comparative look at premiums, deductibles, co-pays and coverage limits.
• Provide enrollment assistance in most Medicare plans.
• Serve as a resource if your Medicare needs change.