Whether you’re looking to sign up for Medicare or have been on a Medicare plan for a while, knowing when you can enroll is important. The annual open enrollment period is October 15 through December 7 and is the time of year you can add, drop, or switch your plan coverage. The coverage you choose by the enrollment deadline will begin on January 1 of the following year.
With so many options, it can be overwhelming trying to decide what plan fits you and your lifestyle. At Signature Senior Solutions, we want to help you choose the Medicare plan that will suit you best. That includes giving you a starting point: questions you can ask yourself before open enrollment.
To ensure you end up with the right plan, ask yourself these questions and let the answers help guide your 2020 Medicare enrollment decision.
Do I like my current plan?
If you’re already enrolled in Medicare, then considering your current plan is the perfect starting point. If your current plan isn’t meeting your needs, then now is the time to change. Even if you had a positive experience, it’s always good to double-check your plan in case there were significant changes to the plan’s benefits.
Can I afford my current plan?
Unfortunately, even if you have your mind-set on a certain plan, you need to consider your budget. This requires you to look beyond the monthly premium prices. Medicare provides valuable health insurance, but it also can come with significant out-of-pocket costs. Remember to calculate co-pays, deductibles, and prescription drug coverage costs as well to determine what you can afford.
Are my doctors in-network?
Do you like the doctors you see regularly? Making sure they’re in your plan’s network can save you headaches down the line. To find out if your doctor is in your Medicare network, you can do one of two things. The first is to call your doctor and ask directly. Or, you can use Medicare.gov’s Physician Compare tool. This tool lets you search through a list of physicians near you to see which ones accept Medicare.
Will my new condition be covered?
If you’ve recently been diagnosed with a new condition, you should confirm that your prescriptions and expected providers will be covered under your current plan. If they aren’t? Then it’s time to look for a new plan during the 2020 Medicare enrollment period. If you have a chronic or serious condition, you may want to look for a plan that offers case management or services intended to help patients manage certain conditions.
Will my prescriptions be covered?
If you take medication often, you will need to sign up for a Part D Prescription Drug Plan separately. Even if you have Medicare Part B, don’t count on that for your drug coverage. Part D is what will cover your pharmacy medication. Keep in mind your brand-name prescription might not be covered, so you’ll have to pay out-of-pocket if you wish to continue using it. Don’t forget that Medicare Part D also doesn’t pay for over-the-counter drugs, like cold medicines or antacids.
Do I need help finding a plan?
If you’re left with more questions than answers and are worrying about what to do for 2020 Medicare enrollment, no need to fret. Just as there are agents to help you with your finances, there are agents like us at Signature Senior Solutions who help pick the best Medicare option possible for you.
Our agents are just a phone call away from answering any questions you have and helping you pick out the best plan before the last day for Medicare open enrollment.
Signature Senior Solutions is located in Cave Creek, and services all of Maricopa County and Arizona. Need help and out of state? No worries! We are Multi-State licensed and are ready to provide you guidance with everything Medicare. Click here to schedule an appointment today!