Should I Compare Medicare And Employer Coverage?



For many people, getting access to affordable healthcare is an incredible concern. However, some people actually have the chance to choose between different medical care providers. Often times, older individuals who still work have to choose between taking Medicare and an employer sponsored plan. When choosing between the two plans, there are various factors to consider.

Upfront Costs

The first factor to consider when choosing between Medicare and an employer sponsored plan is the upfront costs, or premiums, of each plan. While the government sponsored plans tend to have affordable monthly premiums for most people, those with employer-sponsored plans are often able to pay even less premiums. The savings in premiums also is often fixed for employees, so they are not subject to the same potential increases as those with the government sponsored plans.

Existing Conditions

The second factor to consider when choosing between Medicare and an employer sponsored plan is whether or not the plans will cover pre-existing conditions. When an individual has been working for an employer for a long period of time, they likely have had any serious medical conditions covered. However, if they switch to the Medicare provider, there is a good chance that the pre-existing condition will either not be covered or it will require an additional premium.

Choice Of Doctors

The third factor to consider when choosing between Medicare and an employer sponsored plan is the choice of doctors that a person has. With Medicare, many people have to make the difficult choice to choose a new physician if their current physician is not covered by the government medical plan. Depending on the plan they receive at work, an individual may be able to keep their existing physician.



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