How Do I Compare Medicare Plans?

Choosing a Medicare plan can be an overwhelming and confusing process, particularly for those who are turning 65 and new to Medicare. There are a lot of factors to consider, including premiums, deductibles, copayments, and coverage options. But with a little bit of research and some guidance, you can find the plan that best fits your healthcare needs and budget. In this article, we’ll provide you with a step-by-step process on how to compare Medicare plans and make an informed decision.

What are the Different Parts of Medicare?

Before you start comparing Medicare plans, it’s important to understand the different parts of Medicare. Medicare is divided into four parts: Part A, Part B, Part C, and Part D.

  • Part A covers inpatient hospital stays, skilled nursing care, hospice care, and some home health care.
  • Part B covers doctor visits, outpatient care, and preventive services.
  • Part C, also known as Medicare Advantage, is an alternative to Original Medicare (Part A and Part B). These plans are offered by private insurance companies and include all the benefits of Original Medicare plus additional benefits such as dental, vision, and hearing.
  • Part D covers prescription drugs.

How Do I Compare Medicare Plans?

1.Consider your health care needs. 

To determine which Medicare plan is best for you, it’s important to evaluate your healthcare needs. Consider factors such as your current health, any chronic conditions you may have, and the medications you take. You should also think about the type of care you may need in the future, such as hospitalization or specialized treatments.

2.Check the costs. 

Each Medicare plan has different costs, including premiums, deductibles, and copayments. Consider how much you can afford to pay each month for your health insurance and how much you’re willing to pay out-of-pocket for medical expenses. Keep in mind that some plans have lower premiums but higher out-of-pocket costs, while others have higher premiums but lower out-of-pocket costs.

3.Check Your Doctor and Hospital Network

If you have a preferred doctor or hospital, it’s important to make sure they are in the network of the Medicare plan you’re considering. Some plans have a limited network of providers, which can impact your access to care. Others allow you to see any doctor or hospital that accepts Medicare.

4.Do some research.

Go to the provider’s website and understand all of the perks — and limits — before you buy. You should think about them if you have a need. However, these additional benefits are frequently limited, so double-check your plan.

5.Think about your medications. 

You can enter your usual prescriptions into the plan comparison tool and some private comparison sites to assess plan coverage and cost.

6.Look for the star rating

Medicare gathers information on Medicare Advantage plans from member surveys, the plans themselves, and healthcare providers, then assigns a star rating based on the information. It’s based on a variety of quality measures, such as ‘How responsive is the plan to any concerns or questions?'” The star rating scale ranges from 1 to 5, with 5 being exceptional.

7. Review Additional Benefits

Medicare Advantage plans often offer additional benefits, such as dental, vision, and hearing coverage. Some plans also include fitness programs or transportation services. If you have specific healthcare needs, it’s worth considering a plan that offers these additional benefits.

Ask yourself the the following questions: 

  • Which is more important to you in a Medicare plan? Cost, coverage, or convenience?
  • Will you be able to choose your healthcare providers? 
  • Will the plan you select meet your needs? How do the plan’s quality ratings stack up against others in your neighborhood and on a national level? 
  • What will the cost of your medical care and prescription medicines be? 
  • Will you be covered if you travel frequently or for extended periods away from home?

When can you enroll in Medicare?

You can enroll in a Medicare Advantage plan (or switch from one to another) during the following times: 

  • During your initial enrollment period. 
  • Every year during the Advanced Enrollment Period, from October 15 to December 7. 
  • You can switch from one Medicare Advantage plan to another during open enrollment, which runs from January 1 to March 31 (although you can’t enroll in a Medicare Advantage plan if you don’t already have one). 

If you’re switching plans, your old one will be deactivated once your new one starts.


What is the best way to compare Medicare plans?

The best way to compare Medicare plans is to evaluate your healthcare needs, consider costs, check provider networks, and review additional benefits.

Can I switch Medicare plans?

Yes, you can switch Medicare plans during the Annual Enrollment Period (AEP), which runs from October 15th to December 7th each year. You can also make changes to your plan during certain special enrollment periods if you experience a qualifying event.

Can I compare Medicare plans online?

Yes, you can compare Medicare plans online using our online tool.

Final Word:

In conclusion, comparing Medicare plans can seem daunting, but taking the time to evaluate your healthcare needs, costs, and network options can help you find the plan that best suits you. By following the steps outlined above, you can make an informed decision and ensure that you have the coverage you need to stay healthy and happy in your golden years.

If you have any questions about the process, call Health Plans in Oregon at 503-928-6918.

*By completing this form, you agree that an authorized representative or licensed insurance agent may contact you by phone,email,text, mail or face to face to answer your questions or provide additional information about your Medicare plan options. Not affiliated or endorsed by Medicare or any state or federal governmental agency.

Scroll to Top
Scroll to Top