yotuwp-easy-youtube-embed
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121feeds-for-youtube
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121poket
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 61212365 Harrodsburg Rd, Suite B235, Lexington, KY 40504 +1-859-309-5033 Email Us
Do I Have to Renew My Medicare Plan during Open Enrollment?
Unless you take action to change it during Medicare Open Enrollment (Oct. 15 – Dec. 7), your current Medicare coverage will renew for the following year. But are you sure you want it to?
Automatic renewal helps ensure that you will have continuing coverage. It works the same whether you have Original Medicare (Parts A and B), a Medicare Advantage plan (Part C) or a Medicare prescription drug plan (Part D). You simply do nothing and your current coverage choices stay in place for another year.
But sticking with the status quo may not be in your best interest, even if you’ve been happy with your coverage up to now. Why? You won’t know unless you ask some questions.
Have Your Health Care Needs Changed?
Things change in life, and some changes may affect the kind or amount of health care you need. For example:
Examples like these can help get you thinking, but what’s important is to look carefully at your health care needs – past, present and, as much as possible, future. Only then can you choose the type of coverage and specific plans that may best meet your personal needs.
Once you have a good handle on your health care needs, it’s time to look at your current coverage.
Has Your Current Plan Made Changes for Next Year?
Medicare Part D and Medicare Advantage plans may change costs and coverage from year to year. So your plan that’s set to renew for next year may not be the same as the plan you signed up for last year—or many years ago.
Your plan will send you an Annual Notice of Change document in the mail, usually in September. This document explains plan coverage and cost changes that will go into effect on January 1. Take time to look it over and think about the impact plan changes may have on your health care or costs. This can help you decide whether you want to renew your current plan or look for different coverage.
Plans may make changes in the following areas.
Original Medicare may also have different coverage and costs from the last time you looked, so it’s a good idea to review the current Medicare & You handbook.
Are You Ready for Next Year?
Automatic renewal is a great way to go if you feel confident that the coverage you already have will fit your needs going forward. It’s easy and convenient – but once open enrollment is over on December 7, your chance to change your Medicare coverage for next year is over, too, unless you move or otherwise qualify for a special exception.
Medicare’s Plan Finder is a good tool for comparing your current drug plan with others available where you live. Simply enter your zip code to get started.
Conclusion
You get to choose the Medicare coverage that you think best fits your needs each year during Medicare Open Enrollment (Oct. 15 – Dec. 7). You may choose to let your current coverage renew. Or you may choose something different. The important thing is to choose.
Source: MedicareMadeClear Medicare Tips & Resources, OEP
Recent Articles