You navigated a web of decisions when you first enrolled in Medicare at age 65. But each year, you have the opportunity to revisit those decisions and compare your current plan to other ones during the Medicare Annual Election Period. From October 15 to December 7 each year, you should discuss your current plan and any concerns with a qualified insurance broker who specializes in Medicare plans. And yes, this conversation is an important step! It’s better to consult with a broker than try to sort through these decisions alone, and here’s why…
- You could potentially lower your out-of-pocket spending on healthcare, making retirement a bit more comfortable with regard to your budget
- You could access a network of providers that includes your preferred doctors and facilities
- You could lower your prescription drug costs by choosing a plan with a formulary that suits you better
- You can gain a better understanding of how your plan works, so that you can maximize its benefits
- You will learn how to avoid billing surprises
- Your broker can teach you about crucial time windows of coverage so that you can avoid some of the common pitfalls
- You might be able to avoid falling into a coverage gap
- You can become more familiar with your plan’s customer service features, so that you are able to access help any time you need it
- … And probably much more, depending on your needs
And the best news of all: It’s FREE to receive help with choosing a Medicare plan. No, you aren’t charged an extra premium, and you can access the exact same pricing you would access on your own. Broker commissions are already worked into the price of all Medicare plans, so if you don’t consult a broker you are technically giving up a valuable service that is already paid for.
Give us a call right now, while the Annual Election Period is ongoing, and we will help you compare different Medicare plans. You won’t know if a better plan is out there unless you investigate the options!