Should you change your Medicare Advantage plan during the annual enrollment period?

Should you change your Medicare Advantage plan during the annual enrollment period? Should you change your Medicare Advantage plan? Medicare beneficiaries have access to a wide range of medical and medication insurance options. These plans vary widely from company to company and from place to place. For people who are already enrolled in a Medicare Advantage plan, the question is: should you look for a new plan for 2013? If you are thinking of changing plans, here are some vital considerations to make:

Will every of your doctor be in the network of the new policy? Some individuals do not mind changing their doctors if it will help them save money. Some other people are afraid of changing doctors. Do not forget this when considering moving to a brand new policy. How will current medications be covered by the plan you want to consider? If you only take generic prescriptions, you should have no problems, but branded medications may be covered differently from one plan to another. Under different plans, copayments for the same branded drug can be dramatically different. This can add hundreds of dollars each year.

What do local health professionals think about plans in your area? In fact, the right person to ask this question is the receptionist at your doctor’s office. They are always in the know what policies doctors prefer. A very common complaint is the difficulty of obtaining approval of evidence and procedures. Doctors and their staff are frustrated with some plans due to difficulties and delays in obtaining “prior authorizations”. Getting “inside” information can be valuable in making decisions. There are many things to keep in mind when evaluating Medicare Advantage plans during this year’s annual registration period so visit Remember, this year’s annual enrollment period runs from October 15 to December 7.

(There are certain exceptions when changing policies not within of the yearly Medicare registration time. If you modify, you may modify policies or for some reason your plan will be canceled. There are also some Medicare Advantage and Medicare Part D plans at any time of the year. If you have a Medicare supplement plan, you can change at any time of the year.) You can compare the plans available in your area and even sign up for a new plan if you wish by visiting or calling 1-800-MEDICARE. Alternatively, most individuals appreciate assistance when evaluating their options. For California residents, professional assistance is available as local agent Michael Kortz will be glad to explain the options you have and provide the information you are looking for.