Retiring often means living on a fixed income, something that wasn't always the case when you were younger. It's not an easy adjustment, and it often means that watching pennies becomes a daily event. When it comes to important issues like health care insurance, though, you want to know you have the coverage you need when you need it.
You also want to know where to get the most cost effective health care insurance and still be covered for all contingencies. This isn't as difficult as it sounds, as you can take advantage of the parts and plans provided by the government under the auspices of Medicare and the Medicare supplements - designed to fill in the gaps the original health care insurance was supposed to provide.
While you may know about Medicare as it's in the news more often than not when the country's debt is discussed, you might not know that much about the parts A - L that are supplement choices to augment your Medicare coverage. With a combination like this, not only can you budget in advance, you will save money on health care coverage.
Another little known resource available for you is a tool that will help you save money on drugs over the year by showing you which pharmacies in your area are offering good rates for the drugs you are taking. You can find this tool at: http://www.medicare.gov/pdphome.asp. Look for the title that says "Medicare Prescription Drug Plan Finder." You will need your red, white and blue Medicare card and the best option to choose is Personalized Plan Search.
Knowing where to find the best prices for drugs, whether it's through an approved pharmacy or a mail-order drug company, makes cost effective sense. It's also a way to find out what other choices you have in terms of generic, less expensive drugs that will work just as well for your condition.
Richard Cantu is with Texas Health and Life, a Texas health insurance and Texas life insurance agency in Texas To learn more, visit texashealthandlife.com. |
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