Friends and family are a great resource when it comes to understanding which health insurance plan might be right for you. But doing your own research and understanding what each plan covers is essential to finding your best plan. In fact, the same goes for shopping and comparing your plan’s options.
If you’re eligible for Medicare, thinking about retiring, or haven’t reviewed your current Medicare coverage recently, it’s time to review your healthcare coverage options.
Most people sign up for Medicare when they become eligible, but there is a time each fall when you can shop and change your Medicare plan. For example, during the annual Medicare enrollment period, you can switch from an Original Medicare plan or Medicare supplemental plan to a Medicare Advantage plan, which offers all the benefits of Medicare Original as well as other benefits, such as options like prescription drug coverage and more. wrapped in one plane.
It’s a good idea to take the opportunity during the annual Medicare enrollment period, which runs from October 15 to December 7 each fall, to review what your current Medicare plan offers compared to other available plans – and to determine if a Medicare Advantage plan is right for you.
You can start with review the list of drugs covered by your health insurance plan. These lists can change from year to year, and you may find that a prescription you need is no longer covered under your current plan. If so, you might want to consider other diet options. You can find this information on your current plan change annual notice.
Another reason to evaluate your current health insurance plan each year is to make sure it meets the ever-changing needs of your overall health. If you’ve recently been diagnosed with a health problem, for example, you’ll want to make sure everything you need is covered under your current plan to avoid unexpected costs down the road.
You may also want to change your health insurance plan if your doctor is no longer in your plan network, which can help save you money with fewer out-of-pocket expenses.
You have the option each year to make sure you’re getting the right benefits for the right premium / rate, just like you would with your auto or home insurance. Review your Medicare health plan annually and call other plans that may interest you to learn more about their prices and coverage.
If you find that your current original Medicare or supplement plan does not quite meet your current medical or financial needs, you may want to consider an all-in-one Medicare Advantage plan. Medicare Advantage offers all of the coverage of Medicare Original, and more. You will receive the same health insurance benefits offered by Original Medicare, as well as additional coverage that may include dental insurance, vision insurance, and prescription insurance.
Changing plans is easy with the annual Medicare enrollment period. Licensed Medicare counselors are available to help you over the phone, on a virtual tour, or even one-on-one at your home. They are ready to help you review your current plan and enroll in a new plan that can save you money and provide you with better coverage. They will assess your current plan and help you find the plan that meets your health needs as they evolve.
A Medicare Advantage plan like Geisinger Gold can give you more health benefits while saving you money. If you want to learn more about Geisinger Gold, visit geisinger.org/enroll or call (855) 904-0153, Monday through Friday, 8 a.m. to 8 p.m.