By: Linda Burhans
Health insurance is notoriously and needlessly complicated. The process can be overwhelming, and finding the right plan for your medical and financial needs can be difficult. Medicare is no different.
Medicare is a health insurance program provided by the federal government for qualifying individuals, including people over the age of 65, those with certain disabilities, and individuals with end-stage kidney disease.
When it comes to Medicare, there are a number of decisions to make, and in Florida, there are an abundance of Medicare plan options to choose from. Over two million people in Florida have Medicare, making it the state with the nation’s third-highest Medicare enrollments, so it’s crucial that Floridians have the information they need to make informed decisions and build a policy that fits their health care needs and budget.
Quick facts:
• 2.4 million people are enrolled in Original Medicare in Florida
• The average plan cost is $0 to $471 per month for Part A and $148.50 per month for Part B.
• Annual spending per beneficiary is $11,565
• Spending per beneficiary is 15% higher in Florida compared to the national average
Overview of Medicare Plan Options
If you’re in good health and don’t believe you’ll need a significant amount of care, Original Medicare may be the right plan for you. Original Medicare combines Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance). If you expect you’ll need more comprehensive coverage, you may want to invest in a Florida Medicare Advantage program. Medicare Advantage Plans are an alternative to Original Medicare and are offered by private insurance companies approved by Medicare.
To learn more about Medicare in Florida visit: https://www.medicareplans.com/florida/