RadioBDC Logo
Trainwreck 1979 | Death from Above 1979 Listen Live
 
 
< Back to front page Text size +

Which Medicare plan is best for you?

Posted by Cheryl Costa  November 23, 2010 10:06 AM

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Yes, it is that time of the year again....no, not Thanksgiving or Christmas. Now is the time to select your Medicare plan for 2011. The enrollment period begins on November 15 and continues through the end of the year. And selecting the best plan is no easy task, so you probably don't want to wait until the last moment. If you are new to Medicare, you must familiarize yourself with the terminology -- there are Parts A, B, C and D and many sub-choices under certain parts. You could easily spend days learning about all the available options.

If you don't have that kind of time (or interest), I suggest you start by downloading and reading the Medicare handbook that is available on the Medicare.gov website. Click on this link to get a copy. The document is 136 pages so you may not read the whole thing, but it contains a lot of very useful information.

Beyond that document, Medicare.gov also has a "Plan Finder" section on its website. Click here for a link. If you spend a few minutes entering your zip code, the list of prescription drugs that you take, and the pharmacies that you use, you can get a list of all the providers in your area (along with star rankings for each plan.)

Once you select a plan, you are generally stuck with that plan for the whole year so it does pay to do your homework and select the plan that is best for you.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

ABOUT MANAGING YOUR MONEY
Local finance professionals share insights and advice on issues such as budgeting, managing debt, and retirement planning.

About the contributors

D. Abraham Ringer is a CERTIFIED FINANCIAL PLANNER practitioner and a Financial Adviser with Morgan Stanley Global Wealth Management in Boston. He is registered in MA, NH, NY and several other states to which his articles are directed. For more information please visit www.morganstanleyfa.com/ringer
Financial Planning Association™ of Massachusetts has 900 members who specialize in the financial planning process. Many of its members engage in philanthropic pro bono work in their communities, recommend legislation, elevate public awareness, promote financial literacy, and advocate for sound economic and tax policies.
Odysseas Papadimitriou is the founder of CardHub.com, a credit card and gift card marketplace, and WalletHub.com, a personal finance site. He has more than 13 years of experience in the personal finance industry, and previously served as senior director at Capital One.

E-mail your question

Name:
E-mail:
Your question/comment:
archives