By Mike Brooks with the Care Assistance Center, LLC
With fall fast approaching, Medicare Open Enrollment is coming next month.
It can cost you not to stay up-to-date so we’ve laid out some important facts to keep you informed.
In most cases Open Enrollment during the fall (October 15 – December 7) is the only time you can make changes to your Medicare Part D Prescription Drug Plan or Medicare Advantage Health Plan. You can also switch back to Original Medicare if you’re enrolled in a Medicare Advantage plan. If you decide to switch you must enroll into a Medicare Part D stand alone drug plan to obtain drug coverage. Changes made during this time period will become effective January 1st 2018.
If you’re currently enrolled in a Medicare Part D Plan or Medicare Advantage Plan be sure to review your plan details when you’re sent your ANOC (Annual Notice of Coverage) or EOC (Evidence of Coverage) for changes to your benefits, costs, or rules. Medicare plans can change year to year and you don’t want to find yourself at the pharmacy in January paying full cost for an expensive medicine or at your doctor’s office no longer in network.
Medicare plans can change year to year and you don’t want to find yourself at the pharmacy in January paying full cost for an expensive medicine or at your doctor’s office no longer in network.
If you’re satisfied with your current Medicare coverage still take action and be sure to look at other Medicare options in your area that may better fit your needs. Even if you’re happy with your Medicare Drug Plan, research has shown that looking for other plans in your area may provide lower costs for your drugs and premiums while providing lesser restrictions. If you have Original Medicare with a Medicare Supplement or Medigap be sure to review what other companies may be offering these plans. Plans are standardized by Medicare and offer the same benefits with all insurance companies authorized to sell them. Many companies may increase premiums on existing plans in place when Medicare Part A & B deductibles and coinsurance increase for the new year.
We are here to help in any way since staying up-to-date can avoid costly mistakes. The Care Assistance Center has partnered with companies authorized to sell Medicare Health plans and even offers rebates on prescriptions you already take. For example, if your current plan charges a $1 copay for a generic medication at your pharmacy, you may receive a reimbursement of $10. Essentially, you are being paid to take your medicine.
Be sure to visit us at www.rxangelparty.com to see about one of our RX Angel Parties and how this revolutionary device we use takes the guesswork out of finding the Medicare plan that works the best for your individual needs. Please also feel free to call us: (919) 518-8237. We have kind and caring staff here to help you.