The Health Plan Medicare Calculator is designed to identify the best health plan for Medicare eligible consumers. The Health Plan Medicare Calculator clarifies the differences between traditional Medicare plus Part D, competitive Medicare Advantage plans, and typical health plans. The approach is shown in the drawing below.
The consumer provides their specific information regarding their health including medications used and existing medical conditions. The Health Plan Medicare Calculator collects the confidential consumer information and plan requirements and creates a “market basket” of information regarding drugs and other benefits that is developed from information provided by the consumer. The information is then taken and compared to information about benefits from each competitive health plan.
What consumers receive is an “apples to apples” comparison, tailored to their individual needs, of the various options and plans available. Additionally, the Medicare Health Plan Calculator provides a price comparison for each plan, thereby demonstrating both the difference in benefits and the difference in prices. This allows consumers to make informed and confident decisions about which plan to join.
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