Call (800) 609-9900 to speak with a licensed insurance agent.

Call (800) 609-9900 to speak with a licensed insurance agent.

What You Need to Know About Medicare Open Enrollment

Posted by Wendell Woodson, October 17, 2016

As you might already know, Medicare Open Enrollment has officially begun. But the selection process for Medicare plans can be confusing for most people. Why are there so many different types of Medicare, such as Part A, B, C, or D? How do you know which type of insurance you need? What’s changing this year, and what has remained the same?

Many seniors give up, and just stick with the plan they already have, but this could be a costly mistake. Luckily, you don’t have to memorize everything there is to know about all the different types of Medicare. That’s our job! You just need to know a few basics to steer you in the right direction, and then we can help you with the rest.

Premiums aren’t the most important deciding factor. You might be tempted to choose a plan based on the lowest available premium, but keep in mind that premiums are only one part of your total health care costs. Remember to evaluate co-pays, deductibles, and the out-of-pocket maximum for each plan.

Check your plan’s formulary. This is the list of covered drugs, and it can change from one year to the next. You want to make sure that the plan you select will cover any medications that you use regularly. Also, if your plan uses a pharmacy network, check to make sure your preferred pharmacy is on the list (unless you would be happy to switch).

You can switch plans. If you weren’t satisfied with your coverage during the previous year, you don’t have to stick with it! Or, if you’ve just learned that your plan is making some changes that don’t benefit you, you can opt out and enroll in a new plan. You can also add supplemental coverage during Medicare Open Enrollment.

Your needs might change. Even if you’ve been happy with your Medicare plan, your needs could change in the future. Some plans might offer additional benefits, such as dental and vision care, or better prescription drug coverage. Talk to your doctor about any anticipated changes in your healthcare needs.

Make sure your physician is covered. While you’re talking to your doctor, ask if he or she will continue to be covered by your current Medicare plan, or any plans that you’re considering.

Open Enrollment began on October 15 and will run through December 7. You still have time to make changes to your Medicare plan, but remember that everyone gets busy toward the end of the year. Don’t wait until the last minute!

We can help. We specialize in helping seniors choose the Medicare plan that best suits their needs. Give us a call, and we can help you compare your options.

Need more information?

Contact us online to learn more

Contact Us

Close Accessibility Tools
Accessibility Controls Reset
Content Adjustments
Font Size

Default

Line Height

Default

Content Scaling

Default

Highlight Titles
Highlight Links
Highlight Forms
Align Left
Align Center
Align Right
Focus Mode
Color Adjustments
Desaturate
Monochrome
Contrast

Default

Saturation

Default

Accessibility Statement

Despite our attempts to make this website accessible for everyone, there may still be some pages or sections that are not completely accessible, are in the process of becoming accessible, or do not have a suitable technological solution to make them accessible. Nevertheless, we are always striving to enhance our accessibility by adding, updating, improving its options and features, and incorporating new technologies.

We want to provide our users with the best experience possible, so we strive to support as many browsers and assistive technologies as possible.

If you wish to contact this website's owner, please use the contact form on the website.

Our User Interface Adjustment Options

Font adjustments - With this tool, users can modify font size, style, letter spacing, and line height for improved alignment and readability.

Color adjustments - Users can customize their color contrast profiles to light, dark, desaturated, and monochrome.

Content highlighting - Users can prioritize key elements such as links, forms, and titles.

Content focus - Users can enable focus mode to highlight the current page information based on their mouse movement.

Close