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It's Time for the Open Enrollment Period (OEP) Have You Done Your Medicare Plan Review? The Open Enrollment Period is from October 15th - December 7th each year.
Whether you have Original Medicare with a Prescription Drug Plan or you are in a Medicare Advantage Plan with drug coverage, like an HMO or PPO, now is the time to review your coverage to determine if your plan is still right for you.
Each year you receive an Annual Notice of Change from your plan by September 30. This letter explains any changes your insurance company has made to your coverage and costs. Perhaps your monthly premium, deductible, or copays were increased. Or maybe some of your drugs are no longer on the plan’s formulary.
What can you do now?
REVIEW YOUR PLAN.
SHINE counselors are ready to help compare your current plan to other options available in your area. Counselors provide free and unbiased personal assistance at counseling sites, over the phone, and during community outreach events. Counselors will look for ways to save you money, find the best coverage available, search for drug cost savings when you approach the donut hole, and help you review plan ratings. They will leave the plan selection up to you.
HIPAA (Health Insurance Portability and Accountability Act) standards are followed, and SHINE counselors will keep your information confidential and secure.
FRAUD: Beware of fraud through the marketing of plans in your community. There are certain actions that plans may not make during educational events. Also, watch for unsolicited emails. For your protection, avoid clicking on links in the email or replying to the message.
SAVINGS PROGRAMS:. If you have limited income and assets, SHINE can help you apply for financial assistance programs that will help you save on out-of-pocket costs.
Take the time now to review your Medicaid health care plan or prescription drug plan. A SHINE Counselor can help you compare plans to find out what works best for you! Call today: 866-467-4624. |
