The Medicare Insurance Hierarchy of Needs

At 417Medicare, we have an illustration that has assisted people in signing up for Medicare for years. It helps them to see what’s important, and what benefits aren’t as important.

You see, when people think about choosing Medicare insurance, many ask about SilverSneakers or dental plans. Far less people ask about the things that really matter- costs, prescription and doctor coverage, and access to facilities that provide a higher level of care.

You’ve probably heard of Maslow’s Hierarchy of Needs. If not, it’s a theory that states your basic needs like food and water have to be met before you’ll go in search of friends or creativity.

The Medicare Insurance Hierarchy of Needs 1

Photo credit: https://www.simplypsychology.org/maslow.html

To help our clients understand the basics about choosing a Medicare insurance plan, we’ve created the Medicare Hierarchy of Needs. It shows how you need to base your insurance decisions on the basics before you can move on to perks like a gym membership.

Choose your Medicare insurance based on necessary benefits, not gym and vision.

It’s surprising how many people choose a plan based on first-level thinking. To be fair, if you’re not currently sick or on any medication, having that SilverSneakers plan can be pretty enticing. The benefits of working with a broker is that we’re used to this, but we know the reality- it’s most important to look at your doctors, facilities, and medication coverage first.

How we help our insurance clients

When we work with our clients, we ask them to come in for a meeting, bringing a list of their doctors and prescriptions. We only have to meet for about 30 minutes, and during that time, we explain all your options, the different dates and rules you need to know about Medicare, and help you choose the right plan for your lifestyle. We’re also happy to help you over the phone or on a video chat, but many people prefer our 1-on-1 meetings.

Necessary features

First, we make sure that your current or preferred doctors and hospitals are covered through Part A, Part B, or together with an Advantage Plan. Then we work to get your medications to you at prices you can afford through Part D or your Advantage Plan. These are the necessary features you’re looking for in a plan. 

Next, we take into consideration the specialty hospitals you can go to when a health problem emerges. You may be healthy now, but if you develop a health issue that your home hospital isn’t equipped to treat, you’ll want access to state-of-the art facilities and technology.

High level thinking

Once we have the basics laid out, we can look for the plan that will get you this coverage at the lowest cost to you. By balancing copays, deductibles, and out-of-pocket expenses, we select plans that fit into your budget. 

Specialty hospitals and costs are very important when choosing your plan. By narrowing down your options based on this high level thinking you’re prioritizing based on your needs, not your “nice-to-haves”.

First level thinking

Now we’ve got it narrowed down to a few choices. We can finally look at the benefits that fit into the first level thinking categories. Which plans offer dental, vision, over-the-counter drugs, gym memberships like Silver Sneakers, and other perks? If any of these are important to you, you can choose a plan that includes them, knowing that the benefits that really matter are already taken into consideration.

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At 417Medicare we’ve been helping people find Medicare insurance plans for over 16 years. Our clients love us (check out our reviews!) because we take them through every single step and explain as we go. Our services don’t cost you a penny, and you can leave our office knowing that you have the right plan and support going forward.

Fill Out Your Basic Info to See Your Medicare Plan Options

Adam works with Medicare clients to answer questions, assist with enrollment, and run plan comparisons to find the right one for your needs.

He’s also an expert in Dual Enrollment for those on both Medicare and Medicaid.

Not sure whether to choose a Medicare Advantage or Medicare Supplement Plan?

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