In this video, we’ll go through what you need to do to prepare for the Medicare Annual Enrollment Period, which runs from October 15 through December 7. And we’ll get that done in under 5 minutes!
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Your 2023 Medicare Annual Enrollment Period Guide: Everything You Need to Know for AEP October 15th – December 7th
The Medicare Annual Enrollment Period is almost here again!
Every year from October 15 through December 7, Medicare plans take over advertising everywhere. It’s impossible to ignore, but it isn’t always clear what the Annual Enrollment Period means for you.
The video below will guide you through what you should do during the AEP, what you can do if you choose, and let you know which Medicare plans are affected by the Annual Enrollment Period and which plans are not.
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2023 Medicare Changes: Be Prepared for What’s Coming
Our goal is always to help you find the best value in Medicare coverage.
Many changes are coming to Medicare in 2023 that may affect your coverage and your costs.
Confused about your Medicare coverage options? Watch our free video: How to Find the Best Medicare Coverage Without Paying More Than You Need To…
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Comparison Shopping Medicare Plans: How to Find the Best Value for Your Money and Time
Can Another Insurance Agent Sell This Medicare Plan at a Lower Price?
No.
Premium costs and benefits for Medicare Advantage, Medicare Supplement, and Medicare Part D plans are approved by the government. No one can offer you a better deal.
It will be exactly the same price whether you purchase your Medicare plan from the insurance company directly, or a captive agent, or an independent agent.
There are also no secret discounts. If your plan has premium discounts for paying premiums by auto-debit or household discounts, those are also the same no matter where you buy your policy.
In this video, we’ll take a quick look at how comparison shopping for Medicare plans works so you can save, not only money, but also time, when looking for the best Medicare coverage option for you.
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2022 Medicare Part D IRMAA
We talked about how the Income Related Monthly Adjustment Amount, known as IRMAA, affects Medicare Part B premiums in an earlier post. IRMAA also affects Medicare Part D prescription drug coverage.
Most people don’t have to pay this. However, if your income is above a certain limit, you’ll pay an extra amount to Medicare in addition to your Part D plan premium. In this video, we’ll go through the Part D IRMAA numbers for 2022 and give possible options for avoiding Part D IRMAA.
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How and When Can I Change Medicare Plans? Medigap, Medicare Advantage, and Part D Options Explained!
Most people make changes to their Medicare plan coverage at some point. These are usually not lifelong plans that you buy at age 65 and then keep forever.
There are all kinds of reasons why you might change plans: your health changes, you move, your premium cost goes up, your doctor leaves your plan’s network, your medications change, or you just don’t like your plan anymore.
In this video, we’ll walk through how to change your Medicare Supplement, Medicare Advantage, and Medicare Part D plan.
Because Medicare Part D, Medicare Advantage, and Medicare Supplements have different enrollment rules, we’ll talk about each one separately.
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Medicare Part D for People Who Take No (or Few) Medications
Medicare Part D is the part of Medicare that covers prescription drugs.
Part D plans are not offered by Medicare itself. Rather, Medicare authorizes Part D plans from private insurance companies that meet yearly standards set by Medicare to be sold to the public.
If you take expensive prescription medications, it’s definitely to your benefit to enroll in a Part D plan when you become eligible for Medicare.
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2022 Part D Defined Standard Benefit Plan
The Centers for Medicare and Medicaid services released 2022 premiums, deductibles, and other information for Medicare Part D prescription drug plans.
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In this video, we’ll go through what that information is and what it means for you. -
Do You Need to Look at Medicare Part D Plans Every Year?
Yes. You do.
I guess you don’t absolutely have to, but you risk spending hundreds or thousands of dollars more on medications than you need to if you don’t look at Medicare Part D plans every year.
For most people, evaluating Part D plans is not a big chore. Plan comparison and enrollment in a new plan, if that’s in your best interest, can be done for the year in as little as 20 to 30 minutes.
In this video, we’ll explain why it’s so vitally important to compare Part D plans every year, even if you don’t take any prescription medications, show you how to compare Part D plans, and include links in the description so you can handle this annual task on your own or have a broker take care of it for you.
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Medicare Part D Insulin Savings
If you have insulin dependent diabetes and Medicare, there’s good news!
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The Medicare Part D Senior Savings Model Insulin Savings Program began in January 2021 and will run at least through December 31, 2025.