If you are eligible for Medicare this is what you need to do. Switch plans if need, and carefully examine what options are available for the upcoming open-enrollment period.
The majority of people enrolled in Medicare each year during open enrollment will not take the time to carefully examine his or her options and they do not switch to a better plan. It pays to shop early and compare quotes.
Enrollment in the health insurance system, which is administered by the federal government continues to increase , 54 million people in 2013, the options, which they are presented with tend to remain complicated. The options will include Medigap insurance plans, Part D prescription drug benefit plans, original, individual Medicare Advantage, or Medicare plans.
However, confusion is widespread and frustration keeps several people from changing their plans, each year, despite the fact that key aspect of his or her plans could change.
During this years open-enrollment period, which begins October 15th and ends December 7th most people who are 65 and older is predicted to stay with their current plans, just as they have done in previous years.
Medicare experts agree, that seniors who do not switch their plan are left on the hook for otherwise avoidable health expenses when he or she learn that their preferred prescription drugs, healthcare providers, and hospitals are not covered under their current Medicare plans.
Spokespeople for Medicare say the ask seniors how they change and select their health insurance polices, and have found that selecting a plans is overwhelming and confusing process. Most people tend to stay with their current plans and do not like to revisit their current plans and will not go through the overwhelming process again. Research has revealed that only 12% of Medicare enrollees switched their Part D insurance plans between 2006 and 2010.
Studies reveal that if people would switch their plans, they would save money, but many do not switch plans even when the advantages of their plans change and even of a different plan meets their needs better. Medicare advocates believe enrollees should revisit their current plan choices and looks around to see if other options would fit their needs.
Medicare 2019 Open Enrollment Looming