(VIDEO) September Medicare Updates

September is a big month for Medicare information. 

Your Medicare Advantage and/or Prescription Drug Plan is required to mail you your Annual Notice of Change prior to October 1.  These typically begin to arrive in houses by the last few weeks of September, so watch your mailboxes!

The Annual Notice of Change booklets are large, thick books.  There is a lot of information, and it can be overwhelming! But there is some key information in there, so you need to take the time to look through the booklet.  You can call our office at 815-232-7726 with any questions, too.

Some key things to look for:

• Is your premium changing?
• Are any medical co-pays changing?
• Are any prescription co-pays changing?
• Are any of your medications changing “tiers?”
• Are any of your medications being dropped from the formulary (drug list)?

As you look through the booklet, ask yourself if your plan continues to be the best plan for you.  Every year, there are changes to plans, and it may make sense to set up an annual review to go over your plan AND additional offerings. You can schedule that review with us.

Our office also does Annual Notice of Change meetings in northern Illinois for many carriers, so you can come to hear about the major changes.  Please call our office to find a meeting near you. 
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Our current clients will be receiving a letter about their annual review.  Please watch for that! If you aren’t a current client, but would like to be added to our mailing list, please call our office.
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As always, we certify and carry hundreds of different plan options, so if your current plan is no longer meeting your needs, we can shop around for better choices for you. 
We are nearing the Annual Election Period, of AEP, so you’ll be getting lots of Medicare mail.  Call us with any questions you have.  

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Author

Angela Damin, Your Medicare Teacher, is an award winning Medicare planning broker with over a decade of experience in the Medicare field.  She meets people in person, over the phone, and via video chat.  Angela has a Masters Degree in Education and taught elementary school before  switching her subject matter to the Medicare realm. She spends her spare time chasing her twin toddlers.