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MAKE YOUR MEDICARE You Should Know for the 2016
Medicare Enrollees - 3 Things
PLAN SELECTION EASY Annual Open Enrollment
By Steve Gulas, Bolte Insurance, 419.341.1792 cell
1. This year’s annual open enrollment will be Oct. 15th though Dec. 7th. This is the time of year in which all Medicare enrollees can change prescription drug plans or Medicare Advantage Plans. If you are going to make a change in your coverage, this is typically the only time of the year you can change plans, unless you qualify for a Special Election Period due to a special circumstance recognized by Medicare. Not reviewing your plan each year can be a costly mistake and may leave you in a plan that may not suit your needs.
2. Review your Annual Notice of Change Letter (ANOC) from your present Insurance Plan. These letters are very important to review and are typically sent out around October 1st by your Part D Prescription Drug Plan or Medicare Advantage Plans. It is important to look at this letter closely as it is usually the easiest way to see the changes to your plan from 2015 to 2016 benefit years. Do not assume that just because your plan worked well for you this year that it will next year. Many things can change from year to year. Some of the changes can include deductibles, co-pays, formulary lists, (what medicines are covered by your plan), and
premiums.
3. Review your plans provider network. This pertains to people in Medicare Advantage Plans, to make certain the doctors and hospitals most important to you will remain in your plans Network. Most Medicare Advantage plans are PPO or HMO plans. These types of plans are very popular and can be a very good value for many people, however the key to saving yourself the most amount of money, if enrolled in these plans, is to use In-Network providers. With HMO plans you must use In-Network doctors in order to be covered. PPO plans will cover you outside of your plans network however most of these plans have large deductibles that must be met before the plan will pay.
If you need help selecting a Medicare Plan that
best fits your needs contact Steve Gulas or Chuck Devore with Bolte Insurance Agency at 419-732- 3111. They are independent agents that represent multiple Medicare Insurance Plans
Get Your On-Line Health Insurance Pricing At www.bolteinsurance.com
Chuck DeVore 419.346.2915 cell
134 E. 2nd Street, Port Clinton 419-732-3111 134 E. 2nd Street, Port Clinton 419-732-3111
• Anthem
• AARP/United Healthcare
• Humana
• Medical Mutual
• Paramount Elite • Forethought Life • United of Omaha • Healthspan
INSURANCE
2 |LeisureLiving July 2015 www.LeisureLivingMagazine.com