Medicare Open Enrollment Ending

December 21st, 2008

As the Medicare open enrollment is coming to an end. We have some quick obervations to some frequently asked questions.

Medicare part D is getting more complicated not less. Although we had high hopes coming into this sign up season that the number of plans would shrink, this has not been the case. In fact, it has become more important than ever to check you plans formulary.  Which prescriptions you are taking matters more than ever in determining which plan to choose.

Medicare Advantage plans are still popular. Despite the contraversial nature of these plans, most Medicare participants who are contacting us about these plans seem to be satisfied. It is important to check you plans coverage as there has been changes in some of the major plans, but overall the clients we have talked to want to remain in the advantage plan system.

The best way to get complete coverage is still a Medigap plan.  With those changes in coverage nearly all of the Medicare advantage plans now require significant co-payments if you use the services. Because of this, individuals who are seeking no co-payments or deductibles are still usually purchasing a Medicare supplement policy.