Do You Want to Get Ready for Your Medicare Annual Enrollment Period?

As you get older, picking the correct healthcare plan becomes more crucial. Let us walk them through this post briefly. Medicare plans automatically renew annually, but benefits can change.

To ensure it still fits your needs, review and consider changes during the Medicare annual open enrollment from October 15 to December 7. This period allows plan adjustments to match your healthcare requirements better. Jason Rubin Insurance Services LLC has been offering Medicare plans for more than the last 15 years. You can contact them on (877) 777-7892 for one-on-one consultation to find the best plans for your personalized needs.

Let us share a few tips so that you can make informed decisions regarding your Medicare coverage

1.     Check the coverage of your Medicare plan and cost changes

Medicare Advantage (Part C) and Part D plans can alter coverage and costs annually, effective January 1. During the Annual Enrollment Period (AEP), review these changes through the Annual Notice of Change (ANOC) letter sent in September by your plan, and contact them if it is missing.

2.     Know your dates

Medicare’s open enrollment dates are consistent each year. New plans are available on October 1, changes can be made starting on October 15, and the deadline for selections is December 7. Avoid waiting, as delays in ID card processing can occur if you do so. Begin your research early for an informed choice.

3.     Review the handbook “Medicare & You.”

“Medicare & You” is an annual government handbook detailing Medicare coverage, costs, and enrollment. It highlights new information and changes, crucial for beneficiaries to stay informed about potential impact on their healthcare.

4.     Think about the needs for your health care

When selecting a Medicare plan during the Annual Enrollment Period (AEP), factor in potential healthcare needs such as:

• New diagnoses
• Planned procedures
• Prescribed medications
• Doctor changes
• Travel plans
• Financial shifts affect your healthcare budget.

5.     Ensure that your Medicare plan perfectly meets your needs

Assess your current Medicare plan, considering plan changes and your healthcare needs for the upcoming year. If it still suits your requirements, no action is needed during the Annual Enrollment Period (AEP). Just maintain premium payments to remain on the plan.

6.     Work with a broker

Medicare brokers, representing multiple insurance companies, assist in plan comparison, selection, and enrollment at no cost. Their expertise helps avoid mistakes in choosing from similar plans. Alternatively, self-research can lead to multiple provider changes and added stress during open enrollment.

7.     Ask the right questions

Prepare for discussions with a Medicare broker by listing your healthcare needs, including doctors, hospitals, and medications you require.

This list will assist the broker in finding a suitable plan that covers your specific needs and identifying additional benefits, such as vision and dental, if necessary, ensuring a focused and efficient conversation.

8.     Shop around

It is wise to explore new Medicare plans if your current one does not suit your needs or to check for better benefits and lower costs. Insurance companies reveal plan details on October 1, and annual competition means there may be improved options worth considering.

If you have any confusion about your Medicare annual enrollment, then get in touch with Jason Rubin Insurance Services LLC either by phone or email.