Medicare Cost Analysis
Compare the Cost of Staying on Your Employer Plan vs Medicare
Watch this 6-minute video to learn how to compare your group insurance to Medicare. Then, use the worksheet below to calculate and compare your costs.
Does it make sense to explore Medicare options?
Quickly compare using our Medicare Cost Analysis Worksheet below.
Step 1: Estimate Group Health Costs
Please calculate per person
If you cover a spouse on your plan, check with HR for
employee vs employee + spouse rates.
Step 2: Estimate your Medicare Costs
Amounts are per person
Medicare Part A + B + Medicare Supplement or Advantage + Medicare Part D + Copays and Deductibles
Estimates Based on your Income Bracket
Individual = Single file – Household = Married filing jointly
Step 3: Compare the Two
If Medicare Cost is
LESS THAN Group Health Cost
This is a strong indication that Medicare could save you money.
Schedule a free consultation to review your exact costs, options, and benefits in more detail.
If Medicare Cost is
GREATER THAN Group Health Cost
Your group health plan is currently the more cost-effective option.
Revisit Medicare if your healthcare needs or out-of-pocket costs increase.
Visit the following pages for more information on plan options
Medicare Supplement Plan Options
Medicare Advantage Plan Options
Medicare Part D Prescription Plans