If you opted to change your Medicare Advantage or Prescription Drug Plan during Open Enrollment last year, then you’ve had your new policy for over half a year. At this point, you most likely have a good sense of how the plan is performing for you and your needs. It is a very good idea to take this opportunity to evaluate your plan and decide whether or not you need to make use of the Open Enrollment Period this year. To make things a little easier, we have included a short list of questions to help you figure out if it’s time to explore new Medicare options.
- Are your monthly medications the same or have others been added that could possibly put you in the ‘donut hole’ sooner than expected?
- Are you seeing the doctors you need or want to see? Are you visiting the doctor more frequently?
- Are your copays manageable based on your habits or are they putting you over budget? Are the remaining copays after your Medicare discount still too high for your budget?
- Are you seeing doctors that are within your network? If you are seeking treatment outside your network, how much extra is it costing you?
- Does your plan charge a monthly premium? (In addition to your Part B premium)
- Do you find yourself with a new diagnosis that requires extra benefits that were not included in your original policy choice?
- Are you utilizing vision, hearing, dental and/or wellness health programs that may or may not be embedded in your policy?
If the answers to these questions have you feeling that your plan isn’t meeting your current needs, it may be time to start thinking about a new one. The Medicare Open Enrollment Period runs from October 15th to December 7th. This may sound far off at this point in the year, but it is important to be prepared so you can make the right choice. If you are not satisfied with your current Medicare Advantage plan, Prescription Drug plan, or even Original Medicare plan, then you may choose to do one of the following during the Medicare Open Enrollment Period.
- Change from Original Medicare to a Medicare Advantage Plan.
- Change from a Medicare Advantage Plan back to Original Medicare.
- Switch from one Medicare Advantage Plan to another Medicare Advantage Plan.
- Switch from a Medicare Advantage Plan that doesn’t offer drug coverage to a Medicare Advantage Plan that offers drug coverage.
- Switch from a Medicare Advantage Plan that offers drug coverage to a Medicare Advantage Plan that doesn’t offer drug coverage.
- Join a Medicare Prescription Drug Plan.
- Switch from one Medicare Prescription Drug Plan to another Medicare Prescription Drug Plan.
- Drop your Medicare prescription drug coverage completely.
With so many options, it is easy to get confused. Changing your Medicare coverage is a big decision, and if you end up switching to a plan that is not what you hoped for, you’ll be stuck with it for the entire year. It is never a bad idea to ask for help in order to make the best decision. Medicare Solutions has licensed Medicare experts who can put difficult information into simple terms. And the best part is their expertise and advice is free of charge. Don’t hesitate to call 1-877-614-2333 today to speak with our Medicare experts to get the information you need to be ready for Open Enrollment.