Medicare’s Annual Election Period (AEP) runs Oct. 15 through Dec. 7 and is an important season for all beneficiaries. It’s when the details are released about Medicare Advantage and Prescription Drug Plans for the coming year.
When my Hawai‘i Medicare Advantage members move to the mainland, they often don’t want to look for a new agent. So I find myself getting licensed in other states so I can help them find a new healthcare plan. What I keep learning is that compared with the mainland, Hawai‘i has really great plans.
A recent study concluded that beneficiaries enrolled in Medicare Advantage Prescription Drug plans spend almost $2,000 less per year on their healthcare costs when compared to those with Original Medicare (Parts A and B) and a stand-alone Medicare Prescription Drug plan (Part D).
If you or someone you know is a Medicare beneficiary and is also prescribed insulin, the new Insulin Senior Savings Program is worth looking into.
There’s been a lot of buzz about the extra benefits that come with Medicare Advantage plans. I’m asked everyday, “What’s the best plan?” There really isn’t a one-size-fits-all best plan — but chances are, there could be a better plan out there for you than what you have.
You’ve seen hundreds of those ads on TV telling you to call a toll-free number to hear all about the new Medicare Advantage benefits. These commercials insinuate that all the extras are free and some suggest you might even be able to get money back. These ads are misleading, at best.