Medicare's Annual Enrollment Period (AEP) is Oct.15 through Dec. 7. During this time, individuals enrolled in a Medicare plan have the option to review their plan and explore others that may be a better fit. If a person decides to switch to a new Medicare plan, it will begin on Jan. 1. Here are three important Medicare questions to consider during AEP.
As you consider your current plan, have you thought about the following factors?
For example, are you paying high monthly premiums for a plan you rarely use?
Consider your current prescriptions, providers, and preferred hospitals, as well as how often you visit the doctor. Do you have the coverage you want and need for these services?
Would you like additional coverage such as vision, hearing, and dental?
Your Medicare plan can (and should) do more than just cover your doctor appointments.
For example, would you prefer a plan that allows you to see any Medicare-approved provider in the United States, or are you happy with your current network?
Your current health coverage may be working for your needs—and if that’s the case, great! There’s no need to make a change during AEP if you are happy with your plan. In fact, if you don’t take action, your plan will usually automatically renew for the upcoming year. Your insurance company will contact you by Oct. 1 if your plan will be discontinued for any reason, but this is an infrequent situation.
On the other hand, if you’re considering your options or your circumstances are changing, we’re here to help you find the right coverage for your needs.
Our advisors can help you figure out what questions to ask about Medicare, walk you through your options, and tell you about plans that offer:
All of these benefits and more are available to Medicare beneficiaries for 2024.
There’s no need to navigate Medicare alone. Our local advisors can research your plan options, help you enroll in coverage, and share how you can maximize your new benefits—all at no cost to you.
After you’ve signed up for a Medicare plan, it’s essential to have an expert you can reach out to when you have questions or need help.
At RetireMed, we provide lifelong support to our clients. We have a dedicated team of licensed advisors who advocate on behalf of our clients year-round to ensure their health plan needs are met.
Understanding Medicare and choosing the right coverage for your needs can feel overwhelming, but partnering with a local expert like RetireMed makes the process much smoother and easier. If you’re interested in learning more about our no-cost services, call us or schedule a call.
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