The 2013 Medicare annual enrollment period is almost here. This is a vitally important time for everyone who is eligible for Medicare, as it is the only time that you can change certain types of Medicare plans, including Medicare Advantage (the privatized Medicare plans that approximately 30% of people on Medicare have) and Medicare Part D Rx plans.
Medicare Part D plans run on a calendar-year contract. Each year, Medicare approves the benefits, co-pay structures, premium, deductible, etc. of the plan for the following calendar year. On or around October 1, you will get an annual notice of plan changes from your current plan – this is an important document, as it shows how your plan is changing for next year including any changes to the coverage of your specific medications. Pay close attention to this.
Even if your plan is not changing significantly, which is unlikely given the current climate of health insurance changes, it is a good idea to re-evaluate the Part D plans on an annual basis. Medicare has greatly improved over the last couple of years with relaying this comparative plan information to people on Medicare. If you are computer-savvy, it is very easy to compare the Part D plans on Medicare.gov. This information was released today, October 1, on Medicare’s website. You can enter your medication/dosage information and get a customized comparison which will show you which Medicare Part D plans will give you the lowest overall annual drug costs over the course of 2013. Click here to: run the customized Part D comparison.
You can change Medigap plans (Medicare Supplements) at any time of the year; however, this is also the most advantageous time of year to compare and change (if necessary) your Medigap plan. To do this, the first step is comparing the available Medigap plans. To do this, request a Medigap quote comparison from Medigap-Quote.com. This will show the available Medigap plans for your age and zip code. The information comes to you by email (not all Medigap companies allow their current rates to be published online, so anything viewed online is incomplete). If you prefer to speak with someone by phone, call us at 877.506.3378.
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