Enrolling in Medicare? Here's what to consider before Dec. 7.
Summary
Medicare’s annual open enrollment period runs through Dec. 7, and people can use it to review or change their coverage. Plans can change their costs, drug coverage and provider networks, so the article advises checking plan details and comparing options before choosing.Key Facts
- People enrolled in Medicare Advantage or a Part D drug plan typically receive an Annual Notice of Change in September.
- Traditional Medicare users generally choose a separate Part D plan and may add Medigap coverage to help pay out-of-pocket costs.
- Medicare Advantage plans are managed by private insurers and may limit coverage to in-network providers or charge more for out-of-network care.
- People considering Medicare Advantage should check whether their doctors and other providers are covered by the plan.
- Switching from Medicare Advantage to traditional Medicare later may make Medigap coverage more expensive or harder to obtain, depending on age or pre-existing conditions.
- The CMS Plan Finder lets people compare Medicare Advantage and Part D plans and check whether providers are in-network.
- People can also contact 1-800-Medicare, their State Health Insurance Assistance Program or an insurance broker for help comparing coverage.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
