When it comes to Medicare, change can be a good thing

Fall is in the near future and with that is the Medicare Annual Enrollment Period (AEP). Get ready for the uptick in Medicare Commercials!  (Hard to believe there could be more, right?)

With AEP, there are a few things you can do. During this time, October 15 – December 7, you are allowed to leave a Medicare Advantage Plan, switch to a different Medicare Advantage Plan, or change/add a Medicare Prescription Drug Plan. If you decide to make a plan change, the new plan would be in effect January 1.

Many people think they can just keep rolling with the same plan from year to year and never see a major change in coverage. Honestly, you can a lot of the time. Unfortunately, that is not always the case.

Medicare Prescription Drug Coverage changes every year. Some insurance companies will change the monthly premium, others will change the list of medications they cover, and others will cancel one plan and move everyone to another, more expensive plan within the company.

Because of these changes, I always recommend checking your plan coverage to be sure it will still be beneficial for you the following year. It can be as simple as a quick phone call or email to your Medicare Insurance agent. If you have any questions or need assistance, please contact us and schedule a time to chat.