A Comprehensive Guide
Who should buy an individual Medicare plan?
This is the question that potential buyers of Medicare plans will have to answer before they purchase a plan. For most people, it’s probably best for them to stay on their employer-sponsored insurance and not switch over to an individual one because this allows you access everything else in your benefits package such as dental coverage or prescription drug benefit (depending on what your company offers). However, there are three types of people who may be good candidates for getting Medigap: U.S. citizens living abroad, those with other health conditions like cancer where all treatments aren’t covered by standard Medicaid plans; and individuals whose group policies only cover limited hospital stays or doctor visits because these limitations restrict their care. Make sure to pay close attention to Medicare Supplement plans pre-existing conditions and learn more about them here.
Another reason why an individual might want to get a supplemental plan is if they have any pre-existing conditions that aren’t covered under standard Medicare plans. These individuals may be able to find insurance policies specifically for people with certain medical issues, like cancer or diabetes in many cases, and pay less out of pocket than what’s available elsewhere.
The most important thing about getting your healthcare coverage sorted before it becomes necessary is understanding the risks involved with purchasing an individual policy versus staying on employer-sponsored benefits plan: If you are receiving good care from your current doctors then it makes sense not make a change as there will likely be some benefit tradeoffs; but if you need more specialist care because of age or health condition then going through this process can be difficult.