If employed and participating in an employer’s group health plan and are eligible for Medicare, a comparison of Medicare Advantage benefits with the group health plan benefits provides a snapshot of whether Medicare Advantage may be an option.
The real cost of a group health plan’s benefits is the use of the benefit, such as MRI on a group plan may be a 20% coinsurance where Medicare Advantage could be a flat low copayment. Other costs to consider is Medicare’s Part B premium and the group health plan’s employee contribution.
If you work for an employer with twenty or more employees, the group health plan is the primary claims payer, Medicare is the secondary claims payer. There is no need to enroll in Medicare Part B unless leaving the group health plan.
For employers with less than twenty employers and have a group health plan, Medicare is the primary claims payer, the health plan is secondary claims payer. You should check with the employer whether enrolling in Part B is advisable.
REGISTER HERE FOR A CLASS TO LEARN MORE ABOUT MEDICARE BASICS
The real cost of a group health plan’s benefits is the use of the benefit, such as MRI on a group plan may be a 20% coinsurance where Medicare Advantage could be a flat low copayment. Other costs to consider is Medicare’s Part B premium and the group health plan’s employee contribution.
If you work for an employer with twenty or more employees, the group health plan is the primary claims payer, Medicare is the secondary claims payer. There is no need to enroll in Medicare Part B unless leaving the group health plan.
For employers with less than twenty employers and have a group health plan, Medicare is the primary claims payer, the health plan is secondary claims payer. You should check with the employer whether enrolling in Part B is advisable.
REGISTER HERE FOR A CLASS TO LEARN MORE ABOUT MEDICARE BASICS