Friday, September 18, 2015

Medicare Annual Enrollment - What you need to know

Every year between October 15th and December 7th, Medicare beneficiaries can evaluate their current coverage and change plans for the following January.  Finding a plan that has the lowest premium and the lowest cost for prescriptions can be a confusing and overwhelming process.

We are Medicare experts, represent many carriers, and we are your advocate. We offer a free service to help guide you through this process.  Here are the reasons why it is important for you to evaluate your coverage each year:

Reasons to check your drug coverage:
  1.   Medicare’s formulary can change;
  2.  Your plan’s formulary can change;
  3.  Your own drug list can change;
  4.   Pharmacies change their pricing;
  5.   Pharmacy networks change;
  6.  Insurance carrier plans and pricing changes.

Reasons to check your Medicare Advantage coverage:
  1. The plan's network of doctors and hospitals can change;
  2. The plan itself can change for the following year;
  3. The out of pocket maximum may be higher;
  4. New plans may be available in your area;
  5. Your drug list may have changed during the year;
  6. The plan's formulary may have changed;
  7. Some of your drugs may not be covered under your current plan next year.

We will also review your Medicare Supplement coverage to see if you need to change it. 

You can contact us at 614-889-0934.  Call today.

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