How Do I Know Which Plan Is Best For My Family And Me?

What is Medicare annual enrollment? Medicare annual enrollment is the period each year when Medicare current beneficiaries can make changes to their coverage. The annual enrollment period opens on October 15 and closes on December 7. During this time, you may shift from one Medicare Advantage Plan to another or discontinue your Medicare Advantage Plan and return to Original Medicare. You can also join a Medicare Prescription Drug Plan or change your existing drug coverage. If you are happy with your current coverage, you don't need to do anything during annual enrollment. Your coverage will automatically renew. What are the possible penalties for not enrolling in a plan during the annual enrollment? There are a few things to remember if you don't enroll in a plan during the annual enrollment period. First, you might have to pay a late enrollment penalty. This is an extra charge that is added to your premium. The second thing to remember is that you may have a coverage gap. This means that there will be a period when you are not covered by insurance. This could lead to serious financial consequences if you get sick or injured during this time. So, you must enroll in a plan during the annual enrollment period. How do I know which plan is best for my family and me? As you know, there are many different types of Medicare plans available. And, like most people, you probably have many questions about which one is right for you and your family members. The best way to determine which plan is right is to sit down with a licensed insurance agent.  Here are just a few reasons why an agent is a terrific resource:

1. They can help you understand your options. There are many different parts to Medicare, and it can be overwhelming to figure out which ones you need. An agent can help explain your options and ensure you enroll in the right plan for your needs.

2. They can help you find discounts. There are often discounts available for Medicare plans, and an insurance agent knows how to find them. Securing these discounts can save you money on your premiums.

3. They can help you with the paperwork. Medicare enrollment can be complicated, and a lot of paperwork is involved.

4. They can answer your questions. They can also help you understand how Medicare works and what it covers.

5. They can help you compare plans. Many different Medicare plans are available, and it can be difficult to compare them. An insurance agent can help you compare the programs side-by-side so you can make the best decision for your needs.

Please don't wait until it's too late! Be sure to enroll in a Medicare plan during the annual enrollment period. An insurance agent can help you find the right plan for your needs and ensure you get the best possible rate.