Medicare Open Enrollment: Your Guide to What’s New and How to Maximize Your Benefits
Hello, and welcome to our video guide on Medicare Open Enrollment. We have some important information to share with you, so let’s get started.
Did you know that the Annual Medicare Open Enrollment period begins today, October 15, and runs until December 7? This is the time when you can make changes to your Medicare coverage.
First things first, what do you need to do during the Open Enrollment period? It’s essential to review your current Medicare plan and see if it still meets your needs. Take a close look at your coverage, premiums, and any changes to your prescription drug plan.
If you’re happy with your existing plan, you don’t need to do anything. However, if you want to make changes, now is the time to do so. This is your opportunity to switch plans, add or drop prescription drug coverage, or choose a Medicare Advantage plan.
Now, let’s talk about some exciting news. The income levels for help with premiums have been increased, regardless of your assets. This means that more people may qualify for financial assistance to pay for their Medicare premiums. So, make sure to check if you’re eligible for this help.
New income levels for Full cost reduction: Single $2,260 Married $3,057
New income levels for Partial cost reduction; Single $1,677 Married $2,268
Both are greatly increase from prior years.
Whether you’re new to Medicare or have been enrolled for years, it’s crucial to understand the available options and how they can maximize your benefits. Making informed decisions about your healthcare coverage can save you money and ensure you’re getting the care you need.
To learn more about what’s new and how to make the most of your Medicare benefits, visit the official Medicare website. There, you’ll find detailed information about choosing the right plan, understanding your coverage options, and even find local assistance in your area.
Remember, the Open Enrollment period is time-limited, so don’t delay. Take advantage of this opportunity to review your plan and make any necessary changes.
Thank you for watching our video guide on Medicare Open Enrollment. We hope you found it helpful. Don’t forget to subscribe to our channel for more informative content like this.
This video was created by Bill Vargas, an independent Medicare agent which means he works for you not the insurance companies. Call or email him today!
