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Are you happy with your current Medicare plan?

Did you know that each year, Medicare has an Annual Enrollment Period (AEP) from October 15th through December 7th?

Medicare plan enrollees can reevaluate their coverage, whether its Original Medicare with a supplemental drug coverage, or a Medicare Advantage plan, you have an opportunity to make changes or purchase new policies during the Annual Enrollment Period. It’s important to understand and be confident in your Medicare coverage choices.

Here are some of the changes that may be considered…

  • Change from Medicare Advantage to Original Medicare. In this scenario you may want to consider adding a Medicare Part D – Prescription Drug Plan, as well as a Medicare Supplement. 
  • Change from Original Medicare to Medicare Advantage (must be enrolled in BOTH Medicare Part A and Part B and live in the plan’s service area).
  • Change from one Medicare Advantage plan to another.
  • Change from one Part D Prescription Drug plan to another.
  • Enroll in a Medicare Part D Prescription plan if you did not enroll when you were first eligible.  A late enrollment penalty may apply in certain situations.  

Even if you’re happy with your current Medicare coverage, it’s important to know your options for the upcoming year. Here’s why it could be beneficial to change your Medicare coverage:

  1. Your medical needs have changed: Maybe your trips to the doctor are more or less frequent, prescription drugs have changed, you need more access to health care services or wish to go outside your service area for other opinions.
  1. Benefits vary.  Not all Medicare coverage options offer the same benefits and what each plan, offers can change from year to year. Since the inception of Medicare Advantage plans, there have been many improvements in the added benefits offered to members. Did you know many plans offer dental, vision, reimbursement for health programs, or alternative medicine options? Even over-the-counter benefits.
  1. New Medicare plans may be available. Consider a plan’s cost, provider network, and services offered.

Are you utilizing the benefits offered? Do you know how to access them? 

Having a broker allows you to have someone to reach out to with questions…to review your plan annually to assure it is still meeting your needs both medically and financially. It may be beneficial to have someone there for you throughout the plan year and assist you. 

If you like your current Medicare coverage, you don’t need to do anything. But if you want to change your healthcare coverage, you have a limited window from October 15th through December 7th. 

Call me and we can review your Medicare plan together.

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