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:
- 86% of seniors are confused about Open Enrollment and their Medicare Options
- The government shut-down caused issues with the 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
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.