Updated: Sep 2, 2020
We have three months until the Medicare annual enrollment period begins on October 15, so this is a good time to start thinking about your options and coming up with a list of questions that will help ensure you make the best Medicare choices for your needs and budget. During the annual enrollment period, Medicare enrollees can switch their plans between Medicare Advantage plans or to or from original Medicare to a Medicare Advantage plan.
There are plenty of options when it comes to Medicare plans and supplement insurance. Sometimes the plan we are on isn’t the best choice for us anymore but what’s the best way to determine that?
5 helpful questions to answer before Medicare annual enrollment period
Ask yourself these questions before the annual enrollment period. The answers will help you know which options make the most sense for you and whether it’s time to change your coverage.
1. Were you unhappy with your Medicare plan in the last 12 months?
If you were unhappy with your Medicare plan and/or supplemental coverage in the last year, your needs have changed because of a diagnosis of a new illness, or the plan benefits have changed dramatically; it may be time to look for different options. If, on the other hand, you were happy with your plan and nothing major has changed, it likely makes sense to stick with what you have.