Finance

4 Questions to Ask Yourself During Open Enrollment

December 1st, 2020

When you’re choosing your Medicare plan, answering a few questions before you start can help you get the most out of your coverage. In addition to cost, you’ll want to review the coverage, doctors in the plan, and more before you pick your plan. Here’s everything you should consider before you sign up for a plan. 

How well did my plan fit my needs this year?

Before you decide on a new plan, take a moment to think about what you liked about your coverage over the past year. Were you happy with the care you received? What could have been better? The plan you choose influences what the doctors you see and the facilities you visit. If you disliked the facilities you visited, consider choosing a different plan or network.

Did I pay extra out-of-network fees?

Do the doctors you visit accept your insurance? Are you stuck paying out-of-network fees? Now is a great time to make sure your doctors are within your network or change your plan if you prefer a different network. If you already have a plan, you should make sure your plan is still in the same network. This can change from year to year. 

How easy was it to get prescriptions?

If you take regular medication, you’re probably pretty familiar with your local pharmacy. Now’s a great time to make sure your pharmacy is still in network. With some plans, you can even receive prescriptions through the mail. This can be a great option for seniors who live in rural areas or who don’t have reliable transportation. 

Will I be traveling next year?

If you travel often, make sure your plan will cover you while you’re away.

If you decide to update your coverage for next year, now is the time to do it. Each year, Medicare Open Enrollment only lasts through December 7. This means you can change your plan or add to your coverage with supplemental coverage like Medicare Part D, which covers prescriptions.

Need help selecting the right plan? Check out this link for more info about Medicare coverage!

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