Medicare Beneficiaries will be getting new Medicare cards with a randomly-assigned, unique 11-character Medicare number in place of the beneficiary’s Social Security number.
The move is designed to thwart identity theft and fraud, as well as inaccuracies in a beneficiary’s medical record. You will no longer be carrying around your Social Security number, and it’s about time!
The first cards will be mailed in April 2018, with all cards to be replaced by April 2019. CMS says no action is required of the beneficiary and they can use the card as soon as they receive it.
We are fast approaching that time of year again where insurance plans change and it is important to ensure that you are on the best plan for your health and financial needs. Premiums change, plan designs change, and some networks change as well. Medicare beneficiaries have the annual enrollment period of October 15 – December 7th to make changes for 2018. Individual beneficiaries have November 1st – December 15th to make changes for 2018. While some of the classes are already underway to learn of all of the changes and plan options, October 1st is when we are fully trained and available to discuss options with clients. Remember that if you have a Medicare Supplement Plan (“F”, “G”, or “N”) your coverage never changes though your premium does increase year over year. For Medicare Advantage Plans as well as Prescription Drug Coverage with Medicare, please pay attention to your Annual Notice of Change (ANOC) which you will receive by October 1st.
Elise will be available on the phone and in person to discuss options and assist in making selections for 2018 coverage. Call (208)590-2606 if you want to schedule a review of options.
Changes to Open Enrollment Dates
Late last week, the Centers for Medicare and Medicaid (CMS) issued their final ruling on market stabilization measures. Among the changes made by CMS, the most notable is shortening the open enrollment dates for Plan Year 2018, to November 1 through December 15, to more closely align with Medicare and the private market.
With a lot of changes in the Medicare marketplace here in Idaho for the 2017 year, we were able to successfully navigate the changes for all of our clients.
The Treasure Valley is still a competitive marketplace and Medicare beneficiaries have a wide selection of good choices for the coming year. The important things to look at when you are looking at plans are A) the Network included in the plan, B) out-of-pocket costs for the services that you use most frequently, and C) a monthly premium that fits into your budget. We also feel it is important to pay attention to the maximum-out-of-pocket on each plan so that if you have a catastrophic year with high healthcare needs you can manage that number within your budget.
Contact us if you need help navigating the options and choosing the best plan for you. And anyone turning 65 or retiring in 2017 should sit down with a professional to decide on the best plan for them. We are honored to do that for many in Idaho.
Kaiser Health News Medicare is Confusing! Many are mislead as to when and why they should sign up for Medicare.
The Medicare Annual Enrollment Period is from October 15th – December 7th for your 2017 plan options. Saturday, October 1st is the first day that you can look at all of the available options. Please call Elise at (208)590-2606 to schedule a review of your options. You can also visit Medicare.gov to look at the published information on plans.
Statistics say evaluate annually!
It is important to have an advocate that understands your Medicare Plan options from year to year. Make sure that you have an agent that stays up-to-date on all of the changes in your county and state.
Contact Elise if you need help this year looking at your options (208)590-2606.
Annual Enrollment Period for Medicare is around the corner! Time to schedule a review and choose plans for 2017. Call Elise to come in and look at all of your options for Medicare in the coming year.