Medicare has announced changes in your out-of-pocket costs for next year, and unfortunately, it means more out of your wallet! With Medicare’s Annual Enrollment period in full swing, now’s the time to look at your current Medicare coverage and see where you might need to fill these additional coverage gaps. Here’s what we know:
How to Bridge the Medicare Coverage Gap
Medicare’s Annual Enrollment Period (AEP) runs until December 7. During this time you can sign up for or switch Medicare Advantage plans, which can help cover many of the Medicare coverage gaps. Most plans are available at low or zero premiums – you just pay your Part B premium. All Medicare Advantage plans are guaranteed-issue, meaning you don’t have to go through underwriting to get approved.
You can even more savings with a Medicare Advantage plan if you choose a plan that includes vision, dental, and hearing benefits – something Medicare alone doesn’t cover! Some Medicare Advantage plans even include prescription drug coverage. Learn more about Medicare’s AEP in my blog, Guaranteed-Issue Medicare Advantage Plans During Available During Medicare’s Annual Enrollment Period.
Do you have any questions about Medicare Advantage Plans? Would you like to meet with an Advisor about your Medicare choices – call us at 866-323-1441.
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit www.MediGapAdvisors.com.