It's the Annual Election Period and everyone from your insurance company, the agents and commercials on television, your friends and family, to the mail is telling you you NEED to switch medicare plans.
Should you? Do you need to make a change this year before the time is up? Can everyone make plan changes?
Everyone can make a change before the open enrollment deadline
The Annual Election Period(October 15th to December 7th) primarily applies to individuals looking to make changes for their Part D prescription drug coverage(PDP plan) or Medicare Advantage Plan(MA or MAPD plan) If you would like to make changes to your medigap plan, carriers in most states will require you to go through medical underwriting.
Everyone should change or needs to change their plan
You should review your plan to see if the doctors, hospitals, and medications you are currently taking, and any services you are receiving are covered under your plan. You should also see if the plan premium and cost for services will be more than you can afford.
If you are unhappy you can switch anytime
There are only selected times during the year to make changes, so get familiar with the important insurance dates. For more information read the article "What if I'm unhappy with my Medicare Advantage Plan?"
Approximately 85 percent of older adults suffer from a chronic condition, so finding the right health plan is important.
To find out what health insurance plan is right for you give us a call at 312-726-6565 to speak with one of our licensed experts.