| Tue, Oct 09, 2018 @ 09:42 AM

Ignoring Medicare Annual Enrollment May Work Against You

Posted by Medicare Made Clear

Tired of hearing about Medicare and annual enrollment? Between nonstop TV ads and near daily mailings, it can feel like a lot. You may be tempted to just let the Annual Enrollment Period slide. Does it really matter that much if you have this plan or that plan?

The thing is, your health deserves your attention. And your Medicare choices play a big part in your health – not to mention your budget.

So here are a few things to think about if you’re on the fence or leaning toward ignoring this year’s Medicare Annual Enrollment Period.

  • Part D plan premiums are expected to decline overall next year. This means that plans may offer more value and lower out-of-pocket costs to compete. You may have plan choices that outdo your current plan.
  • Medicare Advantage plans are upping the ante with new benefits. Along with dental, vision and hearing care, new coverage may include services to support your health and well-being, such as fitness trackers and at-home services. You could have more and better plan choices than ever before.
  • Medicare cost plans are closing in many counties. Your plan sponsor may switch you to a preset Medicare Advantage plan if you don’t make another choice, so this is a good year for you to shop around. Your plan must notify you about the switch ahead of time.

The Medicare program and Medicare plans continue to evolve to keep up with your changing health care needs. It’s to your advantage to shop for a Medicare plan that’s right for your health, lifestyle and budget. If you decide to sit on the sidelines during annual enrollment, you may miss an opportunity to save money or add benefits.

 

 

 

 

 

 

Your Medicare plan matters. You can find all the plans available where you live by visiting Medicare’s Plan Finder. The Annual Enrollment Period runs from Oct. 15 to Dec. 7. New plan coverage goes into effect on Jan. 1.

 

You may also be interested in:

Medicare Supplement vs. Medicare Advantage

Medicare Plan Review Worksheet

Finding a Good Fit

 

For more information, explore MedicareMadeClear.com or contact the Medicare helpline 24 hours a day, seven days a week at 1-800-MEDICARE (1-800-633-4227), TTY 1-877-486-2048.