Make changes now
Medicare and supplemental health coverage provide a safety net for those age S5 and upI but insurance coverageI at bestI can be confusing.
For the nearly 11TIMMM Montgomery County residents who are S5 years or older now is the time to think about KHDOWK FDUH FRYHUDJH, DV 2FW. 15 wDV WKH fiUVW GDy DnG DHF. 7 the last day those with Medicare can make changes to their health insurance plans.
Following are tips from one insurance carrier for those using Medicare.
• Even if you’re happy with your current coverageI it doesn’t hurt to compare plans. Most plans make changes every yearI so it’s worth checking even if you carefully considered plans last year. If you still like what you haveI do nothing and you’ll automatically be re-enrolled in your current plan.
• Original Medicare (Parts A and B) doesn’t cover everything. Take a look at your regular monthly health care expenses and decide what plan covers what you need at the best cost. Original Medicare doesn’t cover everything and has no limits on out-of-pocket expenses.
• 0HGLFDUH $GYDnWDJH SODnV SURYLGH DGGLWLRnDO EHnHfiWV. Medicare Advantage plans (Part C) are another option to original Medicare. They provide comprehensive coverage with fewer out-of-pocket costs than original Medicare and often include coverage for prescription drugs (Part D). 0HGLFDUH $GYDnWDJH SODnV DOVR RIIHU DGGLWLRnDO EHnHfiWV, such as hearingI dentalI vision servicesI help managing chronic conditions such as diabetesI and additional support after a hospitalization.
• Check that your network includes doctors and hospitals you will need. vour health needs can changeI so it’s best to think ahead to be sure you have easy access to quality health care services.
• Make sure your plan covers the medications you take. If you’re buying a Medicare Prescription (Part D) planI check if there’s coverage for your drugs in the “donut hole.” This is where you are responsible for a certain percentage of charges after reaching your prescription coverage limit and before you reach the yearly out-of-pocket maximum spending limit.
• If possibleI don’t wait until the last minute to enroll. The extra time helps your insurance company verify your eligibilityI get you properly set up in their systemI order your ID cardI and ensure a smooth transition from OM1O to OM13.
• It’s Oh to change your mind. From Jan. 1 to Feb. 14I 0HGLFDUH EHnHfiFLDULHV FDn FDnFHO WKHLU 0HGLFDUH $GYDntage plan and sign up for a Medicare SupplementI or return to original Medicare.
Where to go for help. A licensed broker can provide you with all the information you need to make an informed decision and even come to your home to educate you. AlsoI many health plans offer community meetings about MediFDUH. CKHFN wLWK Dn LnVuUHU nRw WR finG RuW.
7KH RIfiFLDO 8.6. JRYHUnPHnW VLWH IRU 0HGLFDUH, wKLFK Lncludes information on related supplemental health plans is at www.medicare.gov.