The Modern Medicare Agency Blog
Why do I have to pay attention to Open Enrollment? I am happy with my current Medicare plan.
You are happy with the plan you have today.... But the Part D drug plan or Medicare Advantage plan you have today is NOT the same plan you'll have in the next calendar year.
Each January 1st marks the start of a new plan year.
A new plan year means insurance companies can – and often do – make changes to their plans that can cost you. If you're not paying attention and simply let your plan renew, these are changes you’ll have to live with for better or worse in new year.
Here are some important things that insurance companies can change in your coverage. For Part D plans:
If you have concerns about your coverage, you can use the Medicare Plan Finder to compare plans. Or, if you prefer to have an unbiased Medicare expert review your coverage and ensure you're making the most cost-effective choices, Paul Barrett Insurance offers free Medicare plan reviews.
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