September 25, 2016

2017 Medicare Annual Open Enrollment (AEP) What you Need to Know

62694739By now, you’re probably already being bombarded with mail and advertisements about the upcoming Medicare Annual Enrollment Period (AEP), which takes place each year from October 15 to December 7.  This may cause confusion so allow me to clarify key actions.

1. Your Medicare Supplement Insurance Plan – No Action Needed

AEP does not apply to the Medicare Supplement Insurance Policy you currently own.  Your plan is guaranteed as long as you make your payments.  Don’t confuse your Medicare Supplement Plan with Medicare Advantage Plans.  One of the key advantages of your plan is that BENEFITS NEVER CHANGE and YOU NEVER NEED TO REAPPLY.

2. Your Medicare Part D Prescription Plan – Take Acton and Review Your Current Prescription Plan It’s important to review your Medicare Part D plan for two reasons – 1. Plans change each year and 2. Your prescriptions may have changed.During September, your current prescription plan provider will send an Annual Notice of Change (ANOC) Package for 2017 explaining any changes to your current Medicare Part D Prescription Plan.  Please take the time to make sure your 2017 plan still covers your medications and meets your needs.  You are permitted to replace your current prescription plan with a new plan during the AEP if you find a better one.
As a complimentary service, I’ll be happy to review your current prescription plan versus other 2017 Medicare Part D Plans.  

I’ll be conducting PDP Plan reviews from 10/1 until 11/15.  If interested in a complimentary comparison, please note the following:

•  I will be mailing you a package with instructions for requesting a plan review.
•  There is specific information you need to provide:

  • Scope of Appointment form – required by Medicare in order for me to run plan comparisons
  • Current Medications form – name, dosage, frequency, and preferred pharmacy name
  • To guarantee your analysis, please return your forms by November 1 to provide adequate time to prepare your analysis.

Over the year, many of you have referred friends and family and I certainly appreciate the vote of confidence.  If you know anyone who might benefit from my services during the especially confusing Annual Enrollment Period (AEP), I’ll gladly help.