Each fall, there is a lot of talk and confusion regarding Medicare. We sat down with the Group Medical Benefits Professional that we work with, and she helped to clear up some of the uncertainty below.
"If you are age 65 or older, you will soon begin to receive mailings from various insurance companies about Medicare Supplement (Medicare Advantage) plans. The material suggests that you must make a decision between 10/15 and 12/7 for the upcoming year, for coverage effective January 1, 2014. Below are the situations under which you may make a change:
■ Change from a Medicare Advantage Plan back to Original Medicare.
■ Change from Original Medicare to a Medicare Advantage Plan.
■ Switch from one Medicare Advantage Plan to another Medicare Advantage Plan.
■ Switch from a Medicare Advantage Plan that doesn’t offer drug coverage to a Medicare Advantage Plan that offers drug coverage.
■ Switch from a Medicare Advantage Plan that offers drug coverage to a Medicare Advantage Plan that doesn’t offer drug coverage.
■ Join a Medicare Prescription Drug Plan.
■ Switch from one Medicare Prescription Drug Plan to another Medicare Prescription Drug Plan.
■ Drop your Medicare prescription drug coverage completely.
Yet, what is not clear is that if you have a plan you like, you do not need to take any action! So, if your current plan does not meet your needs, you will want to review the mailings you receive, but otherwise, your current plan will continue without any action on your part."
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Elliot Whittier Insurance Services, LLC is a local Trusted Choice® agency that represents multiple insurance companies, so it offers you a variety of personal and business coverage choices and can customize an insurance plan to meet your specialized needs. You can visit Elliot Whittier online at www.ElliotWhittier.com, email firstname.lastname@example.org, or call 888-641-5024 and ask for Chris Millerick.