Each fall, Medicare beneficiaries receive an Annual Notice of Changes to Medicare Advantage or Part D prescription drug plans for in the coming year—drug formularies, provider networks, pharmacy networks, premiums, deductibles, out-of-pocket costs, and more. As a result, Medicare gives people the right to switch plans during the annual Open Enrollment Period (Oct. 15-Dec. 7).
Should you review your Medicare coverage? Look for the Red Flags.
Please take a moment to answer the following three questions:
- Do your take any brand-name drugs?
- Have you changed or added any medications and/or physicians in the past year?
- Have you had the same Medicare plan for two or more years?
If you can answer yes to any of these three questions, it is strongly recommended that you review your Medicare coverage for the coming year. Remember, people who review their Medicare coverage often save hundreds of dollars or more on their Medicare coverage in the coming year.
Expert, unbiased assistance is availble.
If you need to review your Medicare covereage during Open Enrollment, you can do so using the Medicare.gov Plan Finder tool (available at www.medicare.gov/find-a-plan).
If you need assistance reviewing your coverage, you can also call upon the unbiased experts at 65 Incorporated (the parent company of i65 Medicare software that is NOT affiliated with the sale of insurance). Between 2015 and 2017, the company's Medicare Tune-Up service clients saved an average of $2,100!
DID YOU KNOW...
Expert, unbiased Open Enrollment Medicare reviews are available through 65 Incorporated. These "Medicare Tune-Ups" ensure that your clients get the best coverage for their current needs at the lowest total cost for the coming year. To learn more, call 262.223.3001 or send an email to Melinda for more information.