Attention: An Important Medicare Deadline Approaches December 7
This is a reminder for those of you who haven’t yet reviewed and updated your Medicare plans. Medicare’s Annual Election Period began on October 15 and will conclude on December 7, so time is running out if you want to make changes to your plan. Here’s what you need to know right now.
Your current plan will automatically renew. If you don’t do anything at this time, your current Medicare plan will renew for 2022. That might not sound like a big deal, if you like your plan. But remember that your plan administrator can make changes to the plan each year, and sometimes those changes can impact you in a major way. Did you review your Annual Notice of Change that you should have received back in September? If not, or if you can’t find yours, we can help you determine if any upcoming changes will affect you this year.
Also, another plan might actually fit your needs even better than your current one. But you won’t know about it unless you do a little comparison shopping!
What you can do during Medicare’s Annual Election Period.
- Those with Original Medicare plans can add, drop, or change from one Part D (prescription) plan to another
- Switch from one Medicare Advantage plan to another
- Drop Medicare Advantage and go back to Original Medicare
- Change from Original Medicare into a Medicare Advantage plan
Remember that Medicare Advantage plans work within a network. Check to be sure your preferred providers will continue to remain in-network for 2022. And let’s compare rates among different Advantage plans available in your area, to see if another plan might provide savings for you.
What you need to do right now. Since the deadline rapidly approaches on December 7, and you might wish to consider your decision for a few days, give us a call now. Have your plan information handy, and call to speak with one of our Medicare specialists. Help is free, so take advantage of this opportunity to identify all of the options available to you.