As you’re enjoying the splendid fall season and pumpkin-spice everything, don’t forget that autumn also means open enrollment for health insurance. And if you’re eligible for both Medicare and Medicaid, you should know about an option that could offer a convenient, affordable approach to managing your health care.
Unless you take action to change it during Medicare Open Enrollment (Oct. 15 – Dec. 7), your current Medicare coverage will renew for the following year. But are you sure you want it to?
It’s tempting to keep the same Medicare coverage year after year without questioning it. Your current Medicare coverage renews automatically every year unless you actively make a change.
Prescription drugs that you take regularly are a constant and visible health care expense. Every time you fork over your share of the cost for a refill, it’s a reminder that Medicare doesn’t pay for everything.
You have some decisions to make once you’re enrolled in Original Medicare (Parts A and B). One decision is whether to get other coverage to help with some costs that Original Medicare doesn’t pay.