Reviewing Your Current Health Insurance Plan Coverage
The world is full of health care issues. If you’re happy with your Medicare coverage, you’re already ahead of the game. However, being happy with your coverage doesn’t mean that they can’t improve on them. What worked well for you this year, may not be what you need for the next year.
While you don’t know what your future holds, if you foresee any events like surgeries, changes in prescription drugs, planning in advance for your insurance may help you to save a substantial amount of money on your medical premiums and bills.
Medicare offers open an enrollment period which is between October 15th and December 7th. It’s the opportunity to change beneficiaries, review your current plans, and an opportune time frame in which to explore your options for the coming year.
You are able to change your current plan, for example
Man Holding a Clock- Make adjustments and changes
- Switch from advantage plan to another
- Revert to the Original Medicare plan.
- Leave the Original and opt for an Advantage plan
- Add or change a Part D prescription coverage
- Purchase Medigap RX or your supplemental policy.
changes you make become effective on January 1st
If you’re happy, why change?
When you review your coverage, it doesn’t necessarily mean that you’re going to make those changes, however, that you’re open to the idea of improving on what is available to you for your needs.
The Basics Of Medicare:
Choosing The Right Plan
It doesn’t matter which coverage you have, you can search through a variety of Medicare Plans, including the prescription benefits which are called Part D Medicare. All you have to do is use the Medicare Plan Finder Tool or you can call them at 800-MEDICARE and ask all of your questions.
Now, why go it alone?
Our team here at Senior Services can help you through all the confusion and assist you personally with answers so you can make informed decisions yourself. We’ll assign a personal broker that, in most cases you’ll meet with eye to eye at your home. This team member will be your personal contact from that point on. Even if you want to switch carriers, we work with the top companies in the USA and can do the shopping around for you. We’ll never push a specific carrier on you, ever. Our goal is to provide you with the best coverage for you, not us. Contact us now if you would like to speak to an agent.
Original Medicare
Your coverage are managed by the federal government and it consists of a Part A which is hospital insurance, and a Part B which is the medical insurance portion. The policy will be accepted anywhere where Medicare is accepted. You won’t have to worry about “networks” for your healthcare providers. However, you will be held fully responsible for all of your deductibles, your co-insurance and the premium for Part B coverage.
Be sure to take the time to read through your “Medicare And You 2018” handbook regarding Medicare. You can use the download link previously provided, or visit the Medicare.gov website to learn more. That way, you’ll understand what is free and what you must pay out-of-pocket for various exams and procedures.
Many people don’t pay premiums on Part A coverage. Part B is a different story. There aren’t any changes to costs in 2018, however, many Part B premiums will stay at $134.
Ready to find out more?
Drop us a line today for a free quote!