My how time flies! My how things change! Thankfully, it’s time for your annual Medicare plan review. This is the time that the Centers for Medicare & Medicaid (CMS) gives you to review your Medicare plan PPO’s, HMO’s & Rx) and make sure they are still right for YOU. If you experienced any changes over the course of this year, then you might want to consider a change. This time is referred to as the Medicare Annual Enrollment Period. Every Medicare advantage plan and prescription drug plan is required to provide you with an Annual Notice of Change. They are sent out in September. I know this because my husband just got his in the mail (as I am writing this). And guess what he did with it? He gave it to me! He’s avoiding it. Open it up, folks! See what changes are going to occur come January 1st! Because, if you do nothing, you’ll simply stay on the same plan for the upcoming year WITH THE NEW CHANGES – perhaps just like you did last year??? This may not be your best plan of action. (However, if you are on a Medicare SUPPLEMENT plan, like plan F or C, it will automatically update to keep up with Medicare’s new deductibles & coinsurance. If your plan has a premium increase you will be notified.)
So, you opened your Annual Notice of Change and you aren’t happy with the changes. Or, you are taking more or less medications this year than last year. Or, your plan removed your drug from their formulary. Or, your doctor is no longer accepting your plan. Or, your budget has changed and you need a plan with lower copays. You need to research what plan will best accommodate your changes, complete the new enrollment paperwork, and submit it to the insurance company of your choice between OCTOBER 15TH AND DECEMBER 7TH. The new Medicare plan takes effect January 1st. How do you go about researching what plans are available, you ask? Well, you could visit www.Medicare.gov. But, if you don’t speak fluent Medicare, it might be confusing for you. Luckily, we speak Medicare here at Insurance Options! We also will take the time to personally meet with you and review your plan, either at an office appointment or with one of our agents. Remember, there is no charge to meet with us and we do all the work for you. Why is there no appointment fee? Because we are paid directly from the insurance companies – just like when you buy an auto insurance policy. So don’t be shy, call, click or come in today to book your time between October 1st and December 7th. I’ll say it again: Call, click or come in today – you’ll be glad you did!