More Most Common Errors Medicare Enrollees
Guessing when choosing a plan
It takes a great deal of time to compare plans. But, it is essential to do some homework and invest time researching. Avoid the common mistake of just picking an option out of frustration.
Before picking a plan, review individual health insurance needs. Think about these factors to avoid picking a plan in haste.:
- Is there existing coverage from another source?
- Which hospitals and doctors are preferred?
- Are there any existing chronic conditions?
- What prescriptions are needed and where can they be obtained?
Failing to apply for financial assistance
Millions of aging adults are eligible for one or more types of aid but do not realize it. Financial assistance can be used to pay for prescriptions, coinsurance costs and health plan premiums.
For those who have modest retirement income, it is best to check qualification criteria in advance. Discuss eligibility concerns and available options with an agent.
Not evaluating coverage each year
It is no longer a one-time choice for Medicare beneficiaries to pick health insurance. Changes are made to policies by insurance companies each year.
If a certain doctor and medication are covered in one year, this does not mean they will be covered the next. Experts say that beneficiaries could save themselves about $300 every year if they review Part D coverage annually.
Research any coinsurance, cost, and prescription drug changes. When determining if it is time to make plan changes, think about current health needs:
- Have they changed?
- Is the plan still meeting all individual needs?
- How many out-of-pocket expenses have there been in the past year?
- What were the expenses for?
Not seeking help
No person should have to go through this process alone and nobody has to.
We can help you when considering and picking options. Contact Quality Choice Insurance at (616) 205-5222 or [email protected].
