Medicare’s Annual Enrollment Period runs from Oct. 15 to Dec. 7, 2019. If you have Medicare, this is the time to make changes to your plan. But before you do, it’s important to understand how it all works.
Here’s a quick breakdown of Medicare:
Part A covers care you get when you are in the hospital, in a skilled nursing facility, in hospice or, in very limited circumstances, when you are at home.
Part B covers most medically necessary doctors’ services, preventive care, durable medical equipment, hospital outpatient services, laboratory tests, X-rays, mental healthcare and some home health and ambulance services.
Part D provides coverage for prescription drugs.
Part C, or Medicare Advantage (MA), plans provide comprehensive, wrap-around coverage that reduces what you might have to pay out of pocket for treatments that aren’t covered by Medicare Parts A and B.
I’ve written about Medicare many times.
Medicare doesn’t change much from year to year, so check out these posts for a comprehensive view on it.
What’s the Deal with Medicare? – history of Medicare and who qualifies. (Published Oct. 26, 2016)
So, What’s the Deal with Medicare and Open Enrollment? – How does annual enrollment work and what will the different parts of Medicare cost? (Published Nov. 14, 2017)
Straight Talk on Medicare – Prefer a video? I’ll walk you through the various parts of Medicare in four minutes. (Published Oct. 11, 2018)
Some Changes Can Be Scary: Don’t Let the Move from Employer Coverage to Medicare Be One of Them – Making the leap from employer-provided insurance to Medicare? Check out this post for everything you need to know. (Published Oct. 23, 2018)
Podcast Episode 6 | Straight Talk on Medicare Advantage – Want to listen to me talk to an expert? Check out this six-minute podcast to find out all about your options. (Published Oct. 31, 2018)
Be sure to check with a Medicare insurance broker to make sure you know exactly what you will be paying with the plan you pick.
Got more questions? Ask below and we’ll work to answer them or connect you with someone who can.