If you’re looking for health insurance, you can opt for Medicare or employer insurance, depending on your personal needs and finances. However, if you’re 65-plus and still working, you might find Medicare your best medical coverage option. We at The Medicare Family don’t want to decide for you – we take you through all the confusing details of Medicare until you understand them before enrolling.
This article compares Medicare vs. employer health insurance to help you make a more informed decision.
Medicare vs. Employer Insurance
Medicare is a federal health insurance program that pays the hospital and medical care for US citizens aged 65 and older. It also covers some people living with disabilities. Medicare consists of Part A and Part B for hospital and medical insurance and Part C and Part D for flexibility and prescription drugs.
Employer health insurance is an insurance type that helps cover your medical costs and expenses.
Medicare and employer health insurance differ because Medicare is mainly for individuals 65 and older and has more coverage choices and plans for you to choose from. Unlike Medicare, employer insurance covers dependents. It’s also less complicated choosing employer health insurance coverage.
Benefits of Medicare vs. Employer Insurance
While every coverage type has pros and cons, we want to look at the benefits of Medicare over employer health insurance and why it’s the best option for you.
Health insurance can be a valuable tool in protecting our health. However, it can also be a very confusing and complicated topic to grasp. The two most common and well-known types of health insurance include PPOs (Preferred Provider Organizations) and HMOs (Health Maintenance Organizations). These are the types of health insurance that most people are familiar with on some level.
Even so, knowing the differences, including the benefits and drawbacks, can be difficult for many people to grasp. Not to worry, however, this is where The Medicare Family can help you and your family. Contact us today and let us walk you through the process and learn the differences in plans, access the plans in your area, and discover which plan is best for you. Let’s begin by comparing the pluses and minuses of a PPO versus an HMO.