Worried About Health Insurance Gaps?

Identifying Health Insurance Coverage Gaps

Identifying Health Insurance Gaps

Many people don’t realize that Medicare does NOT cover all medical needs, which creates health insurance gaps in coverage.  To help identify where you might have gaps, it’s important to do an annual checkup of your health care and financial needs – since these often change from year to year.  Use these three questions to help you get started in evaluting any health insurance gaps you might have.

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Missed Your Medicare Initial Enrollment?

Medicare Initial Enrollment

Medicare provides a General Enrollment Period (GEP) every year for people who missed signing up during their Medicare Initial Enrollment Period when they were first eligible.  It’s getting a second chance for Medicare enrollment. If you missed the Medicare Initial Enrollment then you can enroll durung the General Enrollment period … Keep Reading..

How Safe Is Your Medicare Advantage Plan?

Medicare Advantage Plans in Colorado

Medicare Advantage plans have become increasingly popular over the years as older Americans look for ways to cut back on their out-of-pocket healthcare costs.  By combining the coverage of traditional Medicare, a Medicare prescription drug plan, and a Medicare supplemental insurance policy into one package, Medicare Advantage plans have the advantage of simplicity and can also bring cost savings.  Yet it’s also important to understand the potential risks of Medicare Advantage plans so you can evaluate whether it makes sense to choose one over traditional Medicare.

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What can I do if my Medicare Advantage plan leaves?

What can I do if my Medicare Advantage plan leaves?

What do I do if my Medicare Advantage plan Terminates my Coverage?

At the beginning of each calendar year, Medicare Advantage (MA) plans can make changes to their benefits, premiums, copayments and geographic service areas. They must notify their members every fall of the changes they intend to make the following year. They can add or drop benefits, change premiums and copayments, and begin or discontinue serving a certain county or region. MA plans must get permission from the Centers for Medicare and Medicaid Services (CMS)before making any changes, and notify their members by early October of changes effective January 1 of the following year.

Sometimes at the end of the year, Medicare Advantage Plans can decide to leave the Medicare Program, pull their plans from the area and leave Medicare Eligibles in need of a new plan.  If you have gotten a letter stating your plan is leaving the Medicare Program, the letter you receive will explain your options.

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How Do You Change Medicare Advantage Plans?

How Do You Change Medicare Advantage Plans

How Do You Change Medicare Advantage Plans?  There is the Annual Election Period allows Medicare Member to make changes to their coverage every year.  This allows them to make the changes that fit their needs in the year to come or to improve their coverage completely.  It pays to review your coverage every year and evaluate whether it’s right for you based upon:

  • Coverage
  • Convenience
  • Cost

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What Happens When You Don’t Renew A Plan?

What Happens When You Don’t Renew A Plan

Whether you deal with a chronic condition and you have significant medical expenses or you simply want to ensure that your future needs are met at the lowest possible cost, you need the peace of mind that Medicare provides. But what happens if you forget to renew your plan?

Find out how to choose a Medicare plan that meets your needs and learn what you need to know about Medicare renewal.

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What is Annual Enrollment Period (AEP) & Why is it Important to Your Medicare Coverage?

What is Annual Enrollment Period AEP & Why is it Important to Your Medicare Coverage

Throughout the year, Medicare maintains several enrollment schedules, including the Annual Enrollment Period, or AEP.   

AEP is a specific period of time when existing Medicare beneficiaries can make certain changes to their Medicare plans.  When AEP closes changes can not be made until the following year. You can qualify for an exception (for example, because you move out of your service area). While in the past the dates have been different (November 15 – December 31), this year AEP is October 15 – December 7, 2017. Changes made to Medicare plans during this period become effective January 1, 2018.

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Medicare Supplement and Medicare Part D

Combining a Medicare Part D & Medigap Insurance

Medicare Supplement (Medigap) plans sold after January 2006 don’t feature coverage for prescription medications. People with these policies can minimize their out-of-pocket drug expenses by joining a Medicare Part D plan with a Medicare Supplement plan. Follow these steps to combine the plans and maximize your coverage