Author: Kathleen Stice/Friday, October 27, 2017/Categories: Health, National
The Medicare Open Enrollment period (October 15-December 7) is the time you can make important decisions for the coming year. Reviewing your coverage and what it means for your health and finances is time well spent.
Each year, insurance companies can make changes to Medicare plans that can impact how much you pay out-of-pocket—like the monthly premiums, deductibles, drug costs and provider or pharmacy “networks.” A network is a list of doctors, hospitals, or pharmacies that negotiate prices with insurance companies. They can also make changes to your plan’s “formulary” (list of covered drugs). Given these yearly changes, it is a good idea to re-evaluate your current Medicare plan each year to make sure it still meets your needs.
(Excerpted from mymedicarematters.org, June 15, 2017.)
In Missouri and Illinois, OASIS offers free and unbiased assistance provided by knowledgeable, state-certified volunteer Medicare counselors. This is a good option for first-time Medicare enrollment, claims assistance and plan changes.
For information about these services, as well as how to access assistance in other states, visit https://www.oasisnet.org/National-Programs/Health-Programs/Medicare.
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