Medicare coverage is a topic that needs to be discussed with your parents, spouse, etc. before it comes time for the Medicare Annual Enrollment. It's important to discuss with loved ones the different plans and how they each hold values that are different for everyone. Making sure that current healthcare facilities, needs, etc are covered is the most important factor when figuring out which Medicare plan is needed.
Several years ago when my mom started all of her cancer treatments, we started discussing the different types of insurances she had to select. While she was still under the age requirement for Medicare, we still discussed it for when she was at the minimum age. Unfortunately, she didn't make it to the qualifying age.
Medicare Annual Enrollment: What You Need to Know
Medicare Annual Enrollment for 2022 is coming up from Oct. 15 to Dec. 7, so it is time to get prepared! During this time, you can enroll in Medicare for the first time, drop your plan, or switch plans. This goes for Original Medicare (Parts A and B), along with Medicare Advantage and Medicare Part D (prescription drug plans).
In order to prepare for Medicare enrollment here is what I want you to do:
- Make a list of the doctors that you currently see under each Plan type
- Check out which pharmacies they recommend and if their office takes walk-ins
- Check to ensure your specialists like dentists, dermatologists, cardiologists, or orthopedics are covered under the Medicare plan of choice
QuoteManage is a national Medicare telesales brokerage firm that specializes in Medicare and helps eligible recipients across the country find the best plan to fit their needs. They help eligible customers enroll in Medicare Advantage, Medicare Supplement, and Medicare prescription drug, vision, and dental plans to cover all of their health needs. They also advise newly Medicare-eligible and newly retired Medicare recipients what their healthcare insurance options are. Medicare
QuoteManage offers free consultations about these programs so customers can discern which one will work best for them. The company also provides advice on other options such as Medigap, employer benefits, Medicaid/MediCal if their income qualifies them or they meet Medicare’s requirements and Medicare Supplement Insurance.
Original Medicare isn’t enough coverage for most seniors.
Many older adults don’t realize that Original Medicare (Part A and Part B) doesn’t cover everything. For example, Part B enrollees are responsible for paying 20 percent of the Medicare-approved amount for all Part B services, which can really add up. Plus, Original Medicare doesn’t have a limit for out-of-pocket costs, which means your cost-sharing responsibility will accumulate without a cap. If you just sign up for Original Medicare, you may end up paying high out-of-pocket costs throughout the year. Because of this, Medicare also contracts with private insurance companies to offer add-on or bundling options such as:
- Medicare Supplement Insurance, also known as Medigap
- Medicare Part C, also known as Medicare Advantage
- Medicare Part D, also known as Prescription Drug Plans (PDPs)
Adding these plans can help limit your out-of-pocket costs and provide additional coverage and benefits. Medicare Annual Enrollment is a great time to review your Medicare options.
You’ve earned your Medicare benefits, so it’s important to make sure you get everything you’re entitled to.
You’ve put in a lot of hard work, time, and energy over the years to receive your Medicare health benefits. Because of this, it’s essential that you make an informed decision when enrolling in Medicare, so you don’t miss out on any of the benefits you’ve earned. We know that Medicare can feel very complicated, confusing, and overwhelming. That’s why we’d recommend giving QuoteManage a call to make the process as painless as possible. QuoteManage representatives can help you navigate the process, ensure that you’re receiving everything you’re entitled to, and put together a plan that’s going to be the right fit for your needs and budget.
Visit the 2022 Medicare Enrollment page on SeniorLiving.org to get more facts about Medicare