The 2020 Medicare Annual Enrollment Period (AEP) is coming soon, starting on October 15. Have you been thinking about calling up your Medicare Advantage insurance agent, to make changes to your enrollments?
If not, it’s worth the phone call. Medicare rules and prices change every year and, chances are, something about your medical situation has changed as well. Even if you’re relatively happy with the coverage you have, there’s always the possibility that you could get better coverage. Or, there might be changes coming that will negatively affect you if you don’t make a change now.
Either way, there are plenty of reasons to talk to a Medicare Advantage insurance agent to at least discuss the possibility of changing your enrollments.
Three Reasons to Look into Changing Your Medicare Plans For 2020
1. You’ve moved to a new town
If you’ve moved in the past year, and you utilize Medicare Advantage or Medicare Part D, you want to speak to a Medicare agent about your plans. Funding and coverage for those aspects of Medicare from state to state, and from county to county. There’s no guarantee that your coverage will continue as it was unless you make sure of it.
On the other hand, if you only use Medicare Part A or Part B, those will not change even if you change addresses. Either way, if you have moved, don’t forget to update your address with the Social Security Administration!
2. You’ve noticed increases to your Medicare Advantage premiums
Since Medicare prices can fluctuate due to several factors, you may have seen your premiums start to creep up in the last year without a clear cause. Don’t just keep paying! You definitely want to speak to a Medicare Advantage insurance agent to investigate why your premiums have increased, and whether there’s anything you can do with it.
A phone call is cheap and could save you a lot of money next year.
3. Your medications have changed
Medicare Part D is easily the most complicated area of Medicare, and even minor changes to your medications could potentially have an impact on your plan choices. This can include going onto a new Medication but could also include switching from Name Brand to Generic, or even just changing dosage!