Medicare ' s Annual Enrollment Period is just around the corner , and will be here before we know it . This is the time of year to make any plan changes for the following year , for both Individual and Medicare health plans . We are here to help you understand your choices and even if you need to make a change . Whether your questions are basic or complicated , we are here to answer them to help put your mind at ease . If you don ' t have coverage , this is the time of year to get it .
Medicare Annual Enrollment Period is October 15th through December 7th . The Individual Open Enrollment Period is November 1st and runs through January 31st . ( To make a change for Jan 1st in the Individual Market , changes must take place by Dec 15th ) Both open enrollment periods give you a January 1st , 2024 effective date .
When is the last time you had a plan review ? If you signed up for Medicare years ago and have never reviewed your plan since then , then I suggest you do . You could be spending more money than you need to . Just the drug plan alone could save you money by switching plans . This year we expect to see quite a few changes on the drug plans . Some are increasing quite a bit while others are decreasing in premiums . If your medication or health needs have changed through the year , you might find that the current plan you ' re on isn ' t meeting your needs . This would be the time to change that plan . If you feel overwhelmed by the choices available or even how to decide which plan to move to , it ' s best to seek out help to determine which plan is best suited for your needs .
In California we have many Medicare Advantage plans available , which consist of HMO plans and some PPO plans . You might find that one of these plans could save you quite a bit of money , so you should review them also .
If you ' re on a Medicare Supplement plan , this doesn ' t ever change for you , or at least the benefits don ' t . The premium typically goes up each year , as you age and if they have an increase in your plan . If you feel like you ' re paying too much , you might want to do a plan review . Many folks feel overwhelmed with all these choices and are confused on what to do or how to research plans . We hear this all the time , that they just don ' t like dealing with insurance . Not to worry , you ' re not alone . You don ' t necessarily have to do anything , however , this is the time to analyze your plan , especially your drug plan , to be sure your medications are covered well . We have been planning for months for this Annual Enrollment Period , studying plan changes and network changes .
Feel free to call us or email us for a no obligation consultation . We never charge for our services ! We can be reached at 408.848.2271 or michele @ mcinsurance . com .
This is an important time to review your Medicare Advantage plan also , to be sure it is still the best plan for you . These plans change from year to year , some plans go away , new plans come , the drugs that are covered can change , etc .
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