Open Enrollment is the time of year you can review and change your Medicare Coverage. During this period, you can join a new Medicare Advantage Plan or a new stand-alone prescription drug plan. You may also be able to switch from a Medicare Advantage Plan to Original Medicare with or without a stand-alone Part D plan. There are dozens of plans with different benefits, downsides and terms. Even if you are satisfied with your existing plans, it’s worth a review to ensure you have the lowest cost, highest benefit suited to your needs.
Hiring a licensed insurance consultant, like Senior Patient Advocates, to help you review the plans available and navigate you to the plan that will best serve you and your situation can be an efficient and successful way to approach the period. Licensed insurance consultants, that work specifically with Medicare, are well educated on the plans available and the changes that are new each year. There are dozens of plans available to you. The number and terms of plans can be overwhelming.
After conducting an Assessment of your needs and existing plans, a licensed insurance consultant can help break down and understand the benefits, risks and the terms of the plans. Consultants are not paid commission from any of the plans, but instead paid by a fee that you agree on together at the beginning of the engagement. They will act as your advocate and get you into a plan that is right and understandable to you. In past years, Senior Patient Advocates has saved our clients an average of $1,200-$1,600 annually by implementing recommended changes to their Medicare Coverage.
As licensed insurance consultants, we are hired to provide advice and guidance that will uniquely benefit you and to provide unbiased help to ensure you have or will select the right insurance plan for your medical needs. We do not sell insurance and aren’t affiliated with any specific insurance plans.
Have questions? Contact us and we’ll be happy to help. (LINK: http://www.seniorpatientadvocates.com/contact/)