The annual Medicare open enrollment period will begin in just one month on November 15, 2009 and continue through December 31, 2009. During this open enrollment period, Medicare participants will have the opportunity to change their Medicare plans for the upcoming year.
Because of the large amount of changes that will occur across the Medicare system in 2010, it is important for all Medicare participants to review their current Medicare plans to be sure that they are enrolled in the best Medicare programs for their needs.
While there are many things for Medicare participants to think about when it comes time to renew their Medicare options, here are a few important things participants need to think about as the open enrollment period approaches:
- Is the Medicare plan in which you are currently enrolled still going to be around next year? Some plans that are currently offered through Medicare will be eliminated in 2010. In other cases, Medicare Advantage plans that are offered through private insurance companies may be eliminated in 2010. It’s important to check with your Medicare insurance provider or advisor to ensure that your plan will still be in place, if you wish to keep your current plan.
- Will your current Medicare plan change for the 2010 year? Because of increasing costs to healthcare providers and insurers, many Medicare options will either be eliminated altogether or they will change for the upcoming year. When plans change, it is important to reevaluate your options in order to determine whether your current plan will still be the best plan for your needs in the future.
- Should you enroll in a Medicare Supplemental plan? Even if your current Medicare plan will not change for the coming year, your lifestyle, health, or financial situation might change. As your circumstances change, it is important to consider additional insurance options that could help to protect you in the event of a medical situation. Medicare Supplemental insurance can help to fill common gaps that may not be filled by some Medicare plans.
Keep in mind that even if you are not actively looking to change your Medicare program for the coming year, you may have to make adjustments in response to adjustments that are being made by the Medicare system and private health insurers. Therefore, it is important to have an experienced Medicare advisor review your current situation to ensure that you will be enrolled in the best possible Medicare programs for 2010.
Are you looking for information about Medigap programs that may help you pay for your medications? For help finding the best Medigap plan for your situation in time to make changes for 2010, contact Medigap Advisors at 866-323-1441.
Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.