3
2009
Medicare Review Time Is Here
It’s that time of year again, and this doesn’t refer to Christmas, but instead Medicare plans.
Every year it’s a very wise move to review all Medicare plans in the family. Certainly this can be done at any time of the year, but it’s even more critical right now since it is open enrollment time until December 31st, 2009. This is when seniors have the option to change their existing Medicare Part D prescription plans and Medicare Part C Advantage plans.
When dealing with Medicare Advantage Plans, make it a point to speak to an expert health insurance broker, as there are a number of changes relating to the Medicare Advantage plans that will directly affect coverage. Currently, many seniors are now scrambling to find other health insurance coverage since Medicare Advantage has been cancelled out from under them.
The open enrollment period lasts six weeks and it’s a good time to evaluate the four parts of Medicare – Part A, Part B, Part C and Part D. Most of the seniors in Medicare have Part A and that provides them with hospitalization and rehab after they get out. Part B includes visits to the physician, some home care services and medical equipment. In some instances, seniors will also have an employer sponsored supplement or a private pay Medigap policy in addition to Parts A and B.
Most seniors are also very familiar with Part D, the fourth plan, because it covers drugs. Part C is the infamous Medicare Advantage program that came into being in 2003. Parts C and D were both created at the same time and actually Medicare Advantage was a dusted off and jacked up combination of the Medicare and Choice programs that had been in existence since 1997. With Medicare Advantage, seniors got the private insurance version of Parts A and B. If they signed on for Part C, then A and B no longer covered them. Now, Medicare coverage is run by private health insurance contracts with various insurance companies.
With all the changes to Medicare coming in 2010 and the cancellation of Medicare Advantage, it’s time to speak to a knowledgeable Medicare health insurance agent and find out what’s new for the future, who it will benefit, how it will benefit them, and how to get signed up.
To learn more about Medicare, Medicare supplements, or Medicare supplement insurance visit GoMedigap.com.
Related Posts
Categories
Archives
- June 2015
- May 2015
- April 2015
- February 2015
- January 2015
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- February 2014
- January 2014
- November 2013
- September 2013
- August 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- March 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- May 2010
- April 2010
- March 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009