We are about to see a ton of ads during the Medicare Annual Enrollment Period, but what really is the reason for the season? The season, which runs from October 15th through December 7th, is really a time to look at Part D Prescription Drug plans as well as Part C Medicare Advantage plans. Hans and Robby go over everything you need to know before the season begins!
Medicare Annual Enrollment allows Medicare beneficiaries to change their coverage to, hopefully, make it work better for them through the next year. Part D Prescription Drug Plans can and, a lot of the time, should be changed every year due to the fact that companies change their formularies every year. Part C Medicare Advantage plans can also be changed during this season. You can switch from one Advantage plan to another. You can switch from a Supplement to an Advantage plan or you can switch from an Advantage plan to a Medicare Supplement. A lot of changing going on!
The issues during Medicare Annual Enrollment arises when beneficiaries do not understand what they are getting into. Many are led astray by advertisements or agents who are not independent, and then they are stuck with a plan that does not work for them for a whole year. Hans wants everyone to make sure they understand what advantage plans are and what the disadvantages can be.
How does Medicare Annual Enrollment differ from Initial Enrollment or Open Enrollment? Hans and Robby go over all the differences. Hans also stresses that Medicare Supplements can be shopped year round, not just during this Annual Enrollment Period. It is so important that you look into your Medicare Supplement every year or two to make sure you have the best and most affordable one on the market.
Hans and Robby both tell stories of clients and family members who needed help with Medicare and what Cardinal was able to do. Medicare is a season of life, along with Social Security and Retirement. Robby suggests praying and figuring out how to advance the kingdom of God with the decisions that you make during Medicare season!
Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!
You can contact Hans and Cardinal by emailing firstname.lastname@example.org or calling 919-535-8261. Learn more at CardinalGuide.com.