Don’t Miss The Medicare Open Enrollment Period 2015!
If you miss your annual window of opportunity, you need to wait until the next open enrollment period in the following year. Because changes to your health may have occurred since you last enrolled in a Medicare plan, and insurance companies offer frequently new or updated benefits and plan options, or change their premiums, it can be advantageous to evaluate your Medicare options each year rather than staying in a plan with less benefits or a higher premium, compared to other Medicare choices.
Medicare Open Enrollment: ready to pick a plan?
Future health care needs can be hard to predict, but changes happen. Make sure you understand what services and benefits you’re likely to use in the coming year and find coverage that meets your needs. If you have other types of health or prescription drug coverage, make sure you understand how that coverage works with Medicare. And, if you travel a lot, does your plan cover you when you’re away from home?
Everything you need to know about Medicare’s open enrollment
If you don’t have Medigap or even if you do, you can select a Medigap plan during open enrollment. There are 10 different Medigap “letter” plans. Coverage within each type of plan must be identical. This means that all letter A plans are the same, all letter B plans and so on. But premiums can and do vary a lot. So shopping around for the best rate is a must. Specific coverage requirements of the various plans have not changed much since I wrote about them a year ago. You can find them on page 101 of “Medicare & You 2016.”
Medicare Open Enrollment Opens This Week, October 15
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