During the 2023 Medicare Annual Election Period, which typically runs from October 15th to December 7th each year, you have the opportunity to make changes to your Medicare coverage. Here are some important steps to consider:
- Review your current Medicare plan: Take a close look at your current plan to evaluate whether it still meets your healthcare needs. Consider factors such as premiums, deductibles, copayments, and the coverage it provides.
- Explore other Medicare options: Research additional Medicare plans that may be available in your area. This could include Medicare Advantage plans (Part C) or standalone prescription drug plans (Part D). Compare the costs, benefits, and network coverage of these plans to determine if they would better suit your needs.
- Use online resources: Utilize online tools and resources to help you compare different Medicare plans. The official Medicare website (medicare.gov) offers a Plan Finder tool. This tool allows you to enter your medications and preferred providers to find plans that cover them.
- Seek assistance if needed: If you’re unsure about the best course of action or find the process overwhelming, consider reaching out to a Medicare broker or counselor. They can provide personalized guidance and support in navigating the various plan options.
- Make your selection: Once you have assessed your options and identified a plan that aligns with your needs, proceed with enrolling or making changes to your coverage. This can typically be done through the official Medicare website, by calling 1-800-MEDICARE. You can also contact the specific plan directly.
Remember, the choices you make during the Medicare Annual Election Period will go into effect on January 1st of the following year. So be sure to review your options carefully and make any necessary changes before the deadline.
Medicare Supplement Adviser
By Joe DeAngelis
We do not offer every plan available in our area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-Medicare to get more information on all of your options.