Medicare Insurance News
Compare your 2014 plan(s) and decide whether to keep your existing plan(s) or change your plan…BEFORE DECEMBER 7TH, for your 2015 coverage.
OPEN ENROLLMENT – NAVIGATING YOUR HEALTH CARE INSURANCE
October 15, 2014 to December 7, 2014 is Open Enrollment for 2015. This means you must decide no later than December 7th if you are choosing to stay with your current insurance plan or change and enroll in a new plan.
If you plan to stay with your current plan(s) you do nothing. (Remember coverage and costs change yearly. This is the only time of year you may compare, keep your plan(s) or change your plan(s).
To compare your existing plan(s), contact the following resources
Free counseling from Medicare by phone (800) 434-0222.
Extra help from Medicare for Limited income by phone (800) 633-4227
Medicare phone help is available 24/7. To investigate on line for health plans –
www.medicare.gov and click on “find health & drug plans.”
To view a California State guide ~
www.medicare.gov/publicationsand click on CA “Choosing a Medigap Policy.”
UNDERSTANDING THE MEDICARE LETTER SYSTEM
The amount deducted from your monthly Social Security payment pays for your Medicare coverage.
Medicare coverage is broken into parts – A though D:
- Medicare Part A – helps cover hospital inpatient, skilled nursing facility care, Hospice care and home health care.
- Medicare Part B – helps cover doctors and other health care providers, outpatient care, home health care, durable medical equipment, some preventive services.
- Medicare Part C – is Medicare ADVANTAGE. It includes all benefit and service under A& B and usually includes Medicare Prescription drug coverage (part D) as part of the plan. These plans are managed by Medicare-approved private insurance companies and may include extra benefits for an extra cost. Medicare Advantage plans are either HMO (Health Maintenance Organization) or PPO (Preferred Provider Organization). These plans require you to use doctors and facilities in their system. If you have an ADVANTAGE PROGRAM, there may be changes to providers and facilities and rates will have a minimal increase.
- Medicare Part D – Medicare prescription drug coverage – helps cover the cost of prescription drugs and is run by Medicare-approved private insurance companies. These plans usually result in lower prescription drug costs now and in the future.