Medicare Open Enrollment 2018 Season

Understanding Medicare Open Enrollment

As the Medicare Open Enrollment 2018 season approaches, it is essential to understand the significance of this period and how it can impact your healthcare coverage. Medicare is a federal health insurance program in the United States that primarily covers individuals who are 65 years and older, as well as younger individuals with certain disabilities.

Open Enrollment, which runs from October 15th to December 7th every year, allows Medicare beneficiaries to review their current coverage and make changes if necessary. During this period, you have the opportunity to switch between Original Medicare, which includes Parts A and B, and Medicare Advantage (Part C), or make changes to your Medicare Part D prescription drug coverage.

Enrollment Periods

It is crucial to familiarize yourself with the different enrollment periods to make informed decisions regarding your healthcare coverage:

Initial Enrollment Period (IEP)

• The IEP is the first opportunity for eligible individuals to enroll in Medicare.
• It begins three months before your 65th birthday month and ends three months after.

Annual Enrollment Period (AEP)

• The AEP, also known as the Medicare Open Enrollment period, allows beneficiaries to make changes to their coverage.
• It runs from October 15th to December 7th every year.

Special Enrollment Period (SEP)

• SEP is a period outside the IEP and AEP during which you can make changes to your Medicare coverage.
• This period is typically triggered by specific life events such as moving or losing employer-sponsored coverage.

Exploring Your Medicare Options

During the Medicare Open Enrollment 2018 season, take the time to evaluate your current coverage and explore your options. Richard Martinez, MD is dedicated to assisting you in finding the best healthcare plan to meet your needs.

Medicare Advantage (Part C) plans are offered by private insurance companies approved by Medicare. These plans provide the same coverage as Original Medicare (Parts A and B) but often include additional benefits such as prescription drug coverage and dental or vision coverage.

Medicare Part D provides prescription drug coverage to beneficiaries. By assessing your current medication needs and comparing plans, you can ensure that the medicines you require are covered at an affordable price.

Tips for Medicare Open Enrollment

Here are some valuable tips to consider during the Medicare Open Enrollment 2018 season:

Review Your Current Coverage

Assess your current healthcare needs and determine if your current Medicare plan meets those needs. Take note of any changes in your health or prescription drug requirements.

Research Plan Options

Research and compare the different Medicare plans available in your area. Consider factors such as coverage, costs, provider networks, and additional benefits.

Consult with Experts

Richard Martinez, MD and his team are experienced healthcare professionals who can provide guidance and answer any questions you may have. Their expertise can help you make informed decisions about your Medicare options.

Consider Long-Term Care Needs

Think about your long-term care needs and whether you may require additional coverage beyond what Medicare provides. Discuss these considerations with your healthcare provider.

Take Advantage of Preventive Services

Medicare covers a range of preventive services, such as vaccinations and screenings. Be sure to take advantage of these offerings to maintain your health and well-being.

Start Planning for Medicare Open Enrollment 2018

In conclusion, the Medicare Open Enrollment 2018 season is a critical time to review and make necessary changes to your healthcare coverage. By understanding the enrollment periods, exploring your options, and following valuable tips, you can ensure that you have a comprehensive plan that meets your healthcare needs.

Richard Martinez, MD and his dedicated team are here to assist you throughout this process. Contact us today to schedule a consultation and make the most informed decisions for your Medicare coverage.