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With thousands of options available, the process of selecting a Medicare plan can be confusing and complicated. Selecting the wrong plan can substantially impact your healthcare costs. A few of the most common Medicare plans, along with their advantages and disadvantages, are listed below.

Medicare Parts A & B: These plans are managed by the federal government and provide eligible individuals with coverage for and access to doctors, hospitals, or other healthcare providers who accept Medicare.

Medicare Advantage Plans: These plans offer enrollees low or even $0 monthly premiums and include prescription drug coverage. However, members must use in-network providers and referrals to specialists. There may also be copayments for doctor and hospital visits.

Medicare Supplement Plans: These plans generally have low-to-no copayments for visits to an open network of providers or hospitals, although they usually have higher monthly premiums than Medicare Advantage plans.

It can be difficult to choose the best plan on your own. ClearMatch is an unbiased service that can help you choose a plan that aligns with your health and financial needs. Since 2006, ClearMatch has sold over 200,000 policies. They represent every major insurance carrier, including United Healthcare, Aetna, Humana, and many Blue Cross plans. There are licensed ClearMatch agents with access to over 8,000 healthcare plans in every state, and they would be happy to help you choose a Medicare plan or reevaluate your existing plan.

The experienced and licensed ClearMatch agents help thousands of Medicare-eligible consumers understand and navigate the world of Medicare. If you are under the age of 65, ClearMatch also helps simplify insurance shopping for individual health insurance, connecting you with the most suitable and cost-effective healthcare coverage for you and your family.

Through our custodian, Raymond James, all GDS Wealth Management clients have complimentary, unlimited access to a dedicated licensed agent from ClearMatch. These agents are available to answer any of your questions and concerns about your healthcare choices. You can call the dedicated Raymond James phone number at (844)269-2646 to connect with a licensed ClearMatch agent.

If you have any additional questions about this service or how to access an agent, please reach out to one of our team members at (469)212-8072 or www.gdswealth.com. Your GDS Wealth Management team is here to help however we can.

Glen D. Smith, CFP®, CRPC®
Chief Executive Officer | Chief Investment Officer | Founder

This blog does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting, or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact GDS Wealth Management at (469)212-8072 or www.gdswealth.com or consult with the professional adviser of their choosing.

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