Medicare Enrollment Mis-steps: This AEP Could Be Disastrous & Lock You into the Wrong Plan

If you’re like many hard-working Americans, you look forward to the day when your medical insurance is provided. After all, you earned this by paying taxes every year.

Now that you’ve arrived, you can simply sign up for Medicare Part A and B, and go on your way, right? Unfortunately, it’s not that simple.

Multiple Options Are Tough to Navigate

Yes, Medicare part A is the original plan that covers hospital visits and is free to all participating Americans. Part B is the outpatient plan that covers things like doctor visits – but which insurance administrator will you choose?

And, what about Medicare Advantage? You may have heard that this is free, but will it give you the coverage you need? How does it compare to a supplemental plan?

What about prescriptions – are there plans for that?

Doesn’t Medicare change from year to year? How do I keep up?

Mis-steps Can be Expensive

Without the proper information, you could be being locked into coverage that doesn’t meet your health care or lifestyle needs. This can be a disaster if you’re out of state, get injured or sick, and have a plan that doesn’t cover medical costs outside a specific area.

Or, what if you find yourself in a “donut hole” or coverage gap? That could be a lot of money out-of-pocket.

One of Many Medicare Changes for 2022

Year-over-year adjustments to Medicare plans are common. The Centers for Medicare and Medicaid Services announced a projected 4.9% premium increase for Medicare Part D. (1) This will bring the average monthly expense for this plan to $33 a month for 2022.

While this may not appear to be a large amount, but if you’re not aware of every change, like deduction limits, income qualifications and more, added expenses could pile up an put a strain on your bank account.

With the average healthcare expense for a 65-year-old at $11,300 annually (2), the right Medicare coverage is essential to minimize your costs. But how can you be sure you get a plan that’s right for you?

Get Advice You Can Trust

What if you could have a trusted, local adviser guide you to a Medicare plan that addresses your specific needs?

If you plan to travel frequently or plan to stay in one spot, want prescription drug coverage or not, you can have expert help enrolling in the Medicare plan that matches your life.

Plus, you pay nothing.

Why go it alone when you can have a local, expert adviser to put you in the plan you want? Don’t risk higher than necessary healthcare costs or gaps that could threaten your pocketbook – or your life. Get the help you need.

_{1) Retrieved on 9/21/21, from: https://www.cms.gov/newsroom/news-alert/cms-releases-2022-projected-medicare-part-d-average-premium}

_{2) Retrieved on 9/21/21, from: https://www.registerednursing.org/articles/healthcare-costs-by-age/}