During Medicare’s Annual Enrollment Period, it’s the perfect time to make adjustments to your health coverage and make sure you’re getting the most out of your plan. While Medicare is a health insurance program for people over the age of 65 and some people with disabilities, it doesn’t mean you’re stuck in a fixed plan forever.
In fact, you have the opportunity to make changes each year during the Medicare Annual Enrollment Period (AEP). Here we explain some of the modifications that you can make during this period, in order to make the most out of your plan provided by the Social Security.
You Can Make These Changes to Your Medicare Plan
The Medicare Annual Enrollment Period is your chance to make adjustments to your health coverage and ensure you’re getting the best out of your plan. Take advantage of this period to make informed decisions about your health and well-being. If you are currently enrolled in a Medicare Advantage plan and want to switch to another, the AEP is your chance. You can compare the plans available in your area and select the one that best suits your medical needs and budget.
If you have a Medicare prescription drug plan (Part D), you can review and adjust your coverage during the AEP. Make sure your medications are covered and that you’re getting the best price possible. If you currently have a Medicare Advantage plan and want to return to Original Medicare (Part A and Part B), you can do so during the AEP. This allows you to have more flexibility in choosing your doctors and specialists. This is a great advantage if you come to the conclusion that in the previous plan you received better medical services.
You Can Do More Changes to Your Medicare Plan: The Right Time to Do It
Although original Medicare does not cover dental or vision services comprehensively, some insurance companies offer supplemental plans. During the AEP, you can research and purchase these additional plans if you need them.
Furthermore, if you are not satisfied with the insurance company that offers your Medicare Advantage plan or Part D, you can look for other options during the period. You can pick a company with a better reputation or customer service.
The last one is more of a tip: Even if you don’t want to change plans, it’s important to review the changes that may be in your current health plan. Costs and coverage can change, so it’s essential to make sure your plan is still right for your needs.