A blog about Medicare. What you and your employees need to know
Options – More Than Your Dad Has Ties!
Author: Lora Drummond
Medicare Transition Specialist
[24 of 52 Solution Series] – Options – Medicare Has More Options Than your Dad Has Ties!
- Did you know individuals are not stuck with the first Medicare plan they enroll in?
- Did you know individuals should review their Medicare plans every year, but most don’t?
Father’s Day is around the corner. Is a new necktie on your gift list? Perhaps not… I don’t think ties are popular gifts like they were ‘back in the day.’ And your dad probably has all the neckties he needs anyway. Any guess at how many he has?
Did you know there are more than 5000 Medicare plan combinations in the market that individuals can select from? (Comparing that number to ties… that would be a whole lot of ties!)
And because there are so many ties, I mean PLAN choices, people tend to pick a plan based on what they see on TV or hear about from a friend or family member. That means they may have decided based on what others recommended but NOT what is appropriate to their needs. After they enroll for the first time, they think they are stuck with what they chose.
Ask anyone you know currently on Medicare. Maybe your parents! I bet they enrolled once and never felt the need to look at plans again. They enrolled and were set. One and done!
Medicare has changed considerably over the years. Folks are not stuck with what they pick. They should look again!
Premiums change. Costs for medications change. Extra benefits offered by Medicare Advantage plans differ and change, and new Medicare carriers enter markets…..every year.
People’s medical and lifestyle needs change!
Wouldn’t folks want to see what is new? Even when working, people reviewed their employer’s medical plans at least once a year during open enrollment. Plans change…needs change. It’s the same with Medicare.
If folks could change their Medicare plans, would they want to go through navigating all of those plans available now? Would anyone?
If they knew they had expert help to make it easy, free of charge, and could net them some savings or added benefits?
Help for Making it Simple!
Certified Medicare Planners® (CMPs) love researching plans. In fact, CMPs have a refined process for helping beneficiaries match plans to their needs. Medicare is for individuals- so why not get what you want?
Medicare beneficiaries should have access to experts for consultation before every Medicare Annual Election Period (AEP) beginning in mid-October. They can review their drug plans for changes in both coverage and cost. Maybe check out Medicare Advantage plans that weren’t as benefit robust when they first enrolled. Even mid-year reviews are encouraged when premiums for Medigap plans can change. Any opportunity to review could net them in savings or broader coverage.
So we will leave the tie picking to you – but for people you know on Medicare, make sure they schedule at least one meeting with a CMP® to make sure they are getting all the benefits they are entitled to receive.
Hey! What a great gift for Father’s Day! (…priceless support and it won’t cost you or dad a dime!)
Connect your folks with a CMP® for a complimentary review this year and every year! We even keep track of contacting them for each subsequent annual review! We make Medicare123easy!
If Medicare feels a bit confusing, we get it!
That’s why we are here to help make Medicare@Work easier! An employee can find greater confidence about when to enroll in Medicare by consulting with a Medicare expert like a Certified Medicare Planner®. …And whether they should wait and keep their employer group plan also. Every situation is different.
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