Call 708-350-4767 to speak with a licensed insurance agent.

Call 708-350-4767 to speak with a licensed insurance agent.

Why You Should Review Your Medicare Coverage Every Year

Posted by Tina Konieczki, October 6, 2022

When you turned 65 and enrolled in Medicare, you made a series of complex decisions so that you could access the healthcare you needed while maintaining out-of-pocket costs within your budget. So why would you review your coverage each year and possibly make changes to your plan or plans? Actually, there are several great reasons for doing so.

Plan networks can change. Medicare Advantage plans operate through a network of covered providers and facilities. But sometimes a doctor, clinic, or hospital will drop out of the network. Reviewing your plan each year will help you to learn whether your preferred providers will continue to be available to you. If they aren’t, reviewing new plans can help you maintain the same care with the same doctors.

Plan formularies can change. Each Medicare Part D (prescription) plan or Medicare Advantage plan that includes prescription coverage compiles a formulary of covered drugs each year. But that formulary can and probably will change from time to time. You should review your plan’s formulary each year, to ensure that your preferred prescriptions will continue to be covered, and also review the plan with any emerging medication needs.

Additional benefits might be available. Some Medicare Advantage plans have become quite competitive in their offerings. If you’re interested shop around during the Annual Election Period or Open Enrollment each year. Another plan might offer more to you.

You won’t know until you look. Even if you feel satisfied with your current plan, make sure you are minimizing your costs while maximizing your benefits. You simply won’t know until you review all of your options.

With the Annual Election Period starting now, give us a call to speak with a licensed agent to discuss your Medicare coverage options. We can help you decide if your current plan is the best one available to you based on your needs.

Need more information on your insurance options?

Contact us online to learn more

Contact Us

Close Accessibility Tools
Accessibility Controls Reset
Content Adjustments
Font Size

Default

Line Height

Default

Content Scaling

Default

Highlight Titles
Highlight Links
Highlight Forms
Align Left
Align Center
Align Right
Focus Mode
Color Adjustments
Desaturate
Monochrome
Contrast

Default

Saturation

Default

Accessibility Statement

Despite our attempts to make this website accessible for everyone, there may still be some pages or sections that are not completely accessible, are in the process of becoming accessible, or do not have a suitable technological solution to make them accessible. Nevertheless, we are always striving to enhance our accessibility by adding, updating, improving its options and features, and incorporating new technologies.

We want to provide our users with the best experience possible, so we strive to support as many browsers and assistive technologies as possible.

If you wish to contact this website's owner, please use the contact form on the website.

Our User Interface Adjustment Options

Font adjustments - With this tool, users can modify font size, style, letter spacing, and line height for improved alignment and readability.

Color adjustments - Users can customize their color contrast profiles to light, dark, desaturated, and monochrome.

Content highlighting - Users can prioritize key elements such as links, forms, and titles.

Content focus - Users can enable focus mode to highlight the current page information based on their mouse movement.

Close