Forbes Magazine Gives Seniors Advice to Save Hundreds of Dollars during Open Enrollment Period

Forbes Magazine has long been recognized as an important resource to the savvy investor. This week, the leading finance magazine weighed in on the importance of shopping carefully during the Open Enrollment Period, the time of year when individuals with Medicare are able to make important changes to their healthcare coverage. Open Enrollment runs from October 15th to December 7th, and provides seniors with the opportunity to adjust their coverage, add dental and prescription drug coverage, and lower their monthly premiums. According to Forbes Magazine, hundreds or thousands of dollars of savings are available during this important period.
SeniorQuote is all about saving money. That is why we founded the company – to provide you with a trusted resource to comparison shop a wide-range of insurance carriers and health insurance coverage plans to find the monthly premium that best fits your budget. Our licensed agents are available to answer all of your questions and help you make the right decision for your family.
We recommend reading the full article, linked above. Forbes provide the following facts and tips for protecting yourself and realizing significant savings during Open Enrollment:

Forbes Facts:

  • 86% of seniors are confused about Open Enrollment and their Medicare Options
  • The government shut-down caused issues with the Medicare.gov website, adding to the confusion
  • There are a number of fraudulent companies and individuals preying on seniors during the Open Enrollment Period
  • Forbes reviews the premium increases planned for Medicare in 2014 and the impact of Obama Care

Forbes Tips:
Tip #1: Don’t take a call from someone you don’t know or trust offering to help you navigate Medicare plans.

Tip #2: Don’t give out any personal information, such as your Medicare number, to unsolicited callers.

Tip #3: Don’t toss the mail you received from your health insurer and competing firms about your 2014 Medicare plan.

Tip #4: Don’t assume that you (or your spouse) have the most appropriate Medicare plan.

Tip #5: Do review your current carrier’s Medicare plan for 2014 to ensure you understand the pending changes. 


Tip #6:
Do understand that you may not necessarily be able to switch from your Medicare Advantage plan to a traditional Medicare plan plus a Medigap plan.


Tip #7:
Do study any changes in your plan’s drug coverage and cost (Part D, if you have traditional Medicare).


Tip #8
  Do seek expert help if you need it. We agree. And our experts at SeniorQuote are here to help.


Tip # 9:
Do take your time, but be sure to make your choices before open enrollment ends.
We couldn’t agree more. Enjoy the article. And enjoy the Open Enrollment Period. This is your best opportunity to save money and improve your health coverage.

“Navigators” in Healthcare:

Healthcare, Medicare, Medicaid, and Obamacare have become constant topics in news.  With so much being said, changed, and analyzed, it can be hard to keep up with actual changes to state and federal programs.  As a result of increased confusion, you may have heard the term “navigators” in the media recently,

If your head is spinning trying to keep up with the newest Medicare and healthcare policies you are not alone.  The navigators are here to help.  State and federal government officials realize that people are confused about the details of Medicare, Obamacare, and the changing healthcare landscape, and they are trying to implement a network of trained and experienced people known as the Navigators to assist average Americans and seniors.  Think of navigators as your personal Medicare assistants, who can walk you through the details for everything related to healthcare; from signing up for benefits to explaining the intricacies of adding supplemental plans.

While the navigator program offers promising improvements to the current healthcare system, the qualifications and experience level of each of the navigators may not be equal.   According to the Wall Street Journal, the concern for industry experts, consumer advocacy groups and government officials is that the requirements for becoming a navigator may not be stringent enough.  The thought of under qualified people advising Americans about something as important as their health is a very real concern and the greatest hurdle confronting the navigator program.

Currently 34 states are letting the federal government run their healthcare exchanges, and will allow them to dictate the qualifications of the navigators who operate in their state.  It appears that the federal government is committed to the navigator program, leaving the individual states with legitimate concerns For example, if you reside in one of the 16 states, who operate their own exchanges, like California, you may not have a navigator program available to you, as those states will not be required to implement a navigator program, unless they choose to.

The navigator program could be a great step towards simplified healthcare and its’ progress will continued to be monitored throughout the industry.

If you have questions about your personal healthcare, insurance coverage, or Medicare, you can contact the Medicare experts directly at SeniorQuote by calling 888-278-5126.

ObamaCare – Will there be “Sticker Shock?”

Just like any event that hasn’t happened yet, many people have   theories for how it will turn out.  Imagine Boston Red Sox and New York Yankee fans debating who would win in a World Series they would continue to argue until the teams actually played.  Right now, the same thing seems to be happening with those speculating about Obamacare and its impact on the cost of healthcare.

“Sticker shock” has been cited by many Obamacare critics who predict that healthcare costs will rise as a result of the program’s implementation, while proponents of Obamacare believe that long-term healthcare costs should decrease.

While the debate will continue for years after the implementation of Obamacare, there are some things that you should consider when reviewing the statements regarding “sticker shock.”  According to the Wall Street Journal, Many believe that the expected rise in healthcare insurance should not pertain to people who already have healthcare provided by their employers The greatest increase is expected to be for those individuals who acquire their own insurance, independent of a corporate employer.   Obamacare is designed to ensure that these independent people will not be discriminated against for preexisting conditions when buying health insurance.  This should mean that  more individuals with pre-existing health conditions will be covered by insurance, As a result, insurance companies will need to cover the higher costs associated for people with pre-existing conditions  which will necessitate  an increase their premiums and require  everyone they cover to pay more into the system.

The actual, individual costs of Obamacare will begin to be realized this year, leading into the comprehensive implementation in 2014.

If you have questions about your personal healthcare, insurance coverage, or Medicare, you can contact the Medicare experts directly at SeniorQuote by calling 888-278-5126.