Here in Arizona, the warmer Spring weather means you may not catch the cleaning and organizing bug until cooler Fall temperatures arrive. If this season has inspired you to tackle the garage or go through your closets, add your Medicare plan to your to-do list.
From October 15 to December 7, Medicare Annual Election Period (AEP) allows you to compare plan options, enroll in a new plan and add or change drug coverage. Like the seasons, your healthcare needs and finances change from year to year. Follow the steps below to see what action, if any, you should take during AEP.
#1 Examine your 2023 plan:
- Is it still being offered in your zip code?
- Have you moved this year to a new county or state? Then review your new coverage options that are available in your new area?
- Do your current plan’s copays and premiums fit your current budget?
- Are you able to see the providers and use the hospitals you prefer?
#2 Explore Medicare offerings for 2024:
- Work with your Medicare insurance broker to compare plans and coverage options.
- See how your copays and premiums could change by adding or changing your drug coverage plan.
- Examine a Medicare Supplement Insurance (Medigap) policy to help pay your out-of-pocket costs. This will also require you to sign up for a separate Part D Drug Plan.
- Check to see if there any ancillary products to assist with your copays for Medicare Advantage Plans, Hospital and other costs you may have to pay out of pocket.
#3 Act before December 7:
- Enroll in your new plan through your Medicare insurance agent.
- Any changes you make will be effective January 1, 2024.
- If you make no changes during the Annual Election Period, your 2023 plan will automatically renew on January 1 with no lapse in coverage
Diane “Dee” Lee Insurance, is an experienced licensed insurance broker and representative providing Medicare (parts A and B), supplemental Medicare, Medicare Advantage (part C) and Medicare Prescription Drug (part D) plans. Diane Dee Lee Insurance also provides healthcare plans to cover dental, vision, hospital stays, home health care and more. She also serves the under 65 population. Serving as an Insurance Broker in Anthem, Scottsdale, Cave Creek, Deer Valley, Peoria, Glendale, the Phoenix-metro area, Queen Creek, as well as the counties of Pima, Pinal, Coconino, Gila, Mohave, Apache, Navajo, Maricopa and Yavapai. Licensed In 7 states and appointed with multiple insurance carriers, Dee is available to meet in person (with necessary social distancing guidelines) or virtually. Please call (623) 251-6612 or email dleeski@reagan.com