Each year, Medicare Advantage or Part D drug plans can make significant changes for coming year, including monthly premiums, the medications they cover, pharmacy networks, doctor networks, out-of-pocket costs, deductibles and more. As a result, it’s critical that your seniors review their plan options during Medicare's Open Enrollment period in order to potentially save BIG!
VIDEO: 3 Common Medicare Mistakes For People Still Working at Age 65
VIDEO: 3 Costly Medicare Mistakes & How to Help Your Clients Avoid Them
Financial Planners Need to Know Their Medicare Stuff
But, that does not mean that you have to have all those Medicare regulations memorized...
If you're like most financial professionals today, you most likely get questions from your clients (or prospective clients) about Medicare.
Unfortunately, these professionals tell us that they best they can do to help their clients is to refer them to Medicare.gov, a local Social Security office or an insurance agent. ...Not exactly an ideal way to handle questions from valued clients.
Watch Your Mailbox for Unrequested “Seamless Conversions”
It’s a Baby Boomer’s worst nightmare: the deluge of information, both digital and analog, masks a single piece of Medicare-related mail that is responsible for costing you thousands upon thousands of dollars in unwanted costs. Forms sent by sanctioned Medicare Advantage plan providers—or if you’re lucky, a few separately-mailed items—throw a massive monkey wrench in your financial plans.