Open Enrollment is the time of year when you can change your Medicare coverage. You can do this by joining a new Medicare Advantage plan or by joining a new stand-alone prescription drug plan (PDP). You can also return to Original Medicare with or without a stand-alone Part D plan from a Medicare Advantage plan during this time. Listed below are 6 things to keep in mind while you are deciding on your Medicare coverage.

1. Fall Open enrollment occurs from Oct. 15 to Dec. 7 every year. If you enroll in a plan during this time your coverage starts Jen 1st.. In most cases, this timeframe is the only time you can pick a new Medicare Advantage or Medicare Part D plan. If you have Medicare Advantage, you can switch to Original Medicare. To get Medicare drug coverage you must join a stand-alone Part D plan at this time. A Medigap policy helps pay Original Medicare costs, but you may be limited in your ability to buy a Medigap policy during open enrollment, depending on where you live.

2. Review your current Medicare Health and Drug Coverage. If you have Original Medicare take a look at next year’s “Medicare & You” handbook to know your Medicare costs and benefits for the upcoming year. If you are unsatisfied with your Original Medicare coverage, you can make changes to your coverage  during Open Enrollment. Changes made to your coverage will take effect Jan 1st of 2016. If you have a Medicare Advantage plan or stand-alone Part D plan, you should receive an Annual Notice of Change and/or Evidence of Coverage from your plan. Review these notices for any changes in the plans costs, benefits and rules for the upcoming year if you are dissatisfied with any changes, you can make changes during Open Enrollment. Changes made will take effect on Jan. 1, 2016. Even if you are satisfied with your current coverage, take action and look at other Medicare options in your area that may better suit your individual needs in the upcoming year. For example, even if you are satisfied with your current Medicare advantage or Part D plan, you should check to see if there is another plan on your area that will offer you better health and/or drug coverage at a more affordable price. Research shows that people with Medicare prescription drug coverage (Part D) could lower their costs by shopping among plans each year.

3. Help is out there. If you want to join a stand-alone prescription drug plan (PDP), use the Plan Finder tool Medicare.gov. The Plan Finder tool compares plans based on the drugs you need, the pharmacy you go to and your drug costs. If you want to join a Medicare Advantage plan, call 800-Medicare to find out what plans are in your area. When you receive the list of plans, check the plan websites to see which best fits your needs. After you have researched a plan online, call the plan itself to confirm what you learned. Make sure the plan includes your doctors and hospitals in its network. confirm that the plan covers all your drugs, and that your pharmacies are in the preferred network. write down everything about that conversation in your notes, record the date of the conversation, whom you spoke with and the outcome of the call. this information may help protect you in case a plan representative gives you misinformation. Call or visit the website of your State Health Insurance Assistance Program or SHIP. Your state SHIP can help you to understand all of your Medicare coverage options.

4.The best way to enroll in a new plan is to call 800-Medicare. Enrolling in a new plan through Medicare is the best way to help protect you if there are problems with enrolment. Write down everything about the conversation when you enroll through Medicare in your notes, record the date of the conversation, whom you spoke with and any information you were given during the call. Before you enroll with Medicare, confirm all the details about your new plan with the plan itself.

5. If you are dissatisfied with your Medicare Advantage Plan, you can disenroll from that plan and join Original Medicare during the Medicare Advantage Disenrollment Period (MADP) which is every year from Jan. 1 to Feb 14.

6. Understand the difference between the Fall Open Enrollment Period and Open Enrollment for the Health Insurance Marketplaces.  The Health Insurance Marketplaces (also known as Exchanges) will hold open enrollment for uninsured or underinsured Americans. The Marketplaces are NOT meant for people with Medicare. People with Medicare should NOT use this open enrollment period to purchase or change their health care.

Medicare Choices Counselor, Lynn Wynn will be available to provide free information and assistance about current Medicare choices,  Medicare Supplement Insurance (Medigap), Medicaid, Long Term Care Insurance, Medicare Part D, and other related state and federal programs on Friday, November 6th & 20th, & December 4^th from 9:00am-12:00pm.   FREE appointments are available, call (860)434-1605 ext. 240 to sign up.

*Please bring a list of your medication list & doses with you to this appointment.

On the second Thursday of every month between 1:00 pm-3:00 pm retired financial professional, Diana Melville, CLU, ChFC is available to help answer your questions about money management, investments, insurance and more.  To make a free and confidential appointment, please call (860)434-1605 ext 240.