If you’re financially prudent and understand the value of a great deal, here’s what you should be thinking about when enrolling for your Medicare benefits.

Plan Annual Expenses Keeping In Mind Out-Of-Pocket Spends

Original Medicare usually covers 80 percent of a person’s Part A and Part B expenses, which can include hospital stays, lab tests, and consultations with doctors. You will have to pay for the other 20 percent on which there are no annual limits. Keep in mind that in case of unexpected illness or significant medical procedures, once you have reached your limit, you pay 100% of all those costs.

Original Medicare v/s Medicare Advantage

Over half of the number of Americans eligible for coverage chose between Original Medicare and Medicare Advantage every year. While OriginalMedicare might be enough for many, remember that Medicare Advantage plans offer coverage for prescription drug coverage, dental, hearing, and vision care.

Use Preventive Care Benefits Well

Original Medicare provides all beneficiaries with an annual wellness visit. This includes a few preventive screenings, like mammograms and colonoscopies. This is meant to catch health problems earlier when they are usually more treatable. Make the most of this annual wellness by sitting down with your doctor and forming a plan for your immediate and long-term health needs.

Save Money On Prescription Medication

Use home delivery pharmacy benefits like ordering a three-month supply of medication. This helps cut down repeated trips to the pharmacy and save you money in the long run. If you prefer using a retail pharmacy, check if your plan covers a preferred pharmacy network that can also have a lower copay. The final way to save is to ask your doctor about cheaper generic drugs or one on a lower tier of your plan’s list of covered drugs that could work just as well as ones you’re taking currently.

Finally, review what your plan covers on your insurers’ website and make sure you use those benefits to the fullest. Following these simple tips will help you put more money in your wallet and have better healthcare to protect your life.