Tuesday, September 30, 2014

Annual Notice of Change - Overlooking it can be costly!

What is it?
And Why is it important to me?

By the end of September or early October, everyone who has a Medicare Advantage plan or a Prescription Drug plan will receive information in the mail about their plan called the “Annual Notice of Change” (ANOC). This notice provides important information on changes you will see in your insurance coverage, cost and services for 2015. 

Please go over this information in detail. Don’t make a costly mistake and find out too late that your plan has made major changes that you will be locked into for the next year. 

Some key areas to review are:
Is your plan still available in your county? Some popular plans have been discontinued in counties for 2015.

Changes in benefits and cost: Do the changes affect the services you use? Has the amount of your co-pay changed? Have the premiums or out-of-pocket costs changed? 

Part D Prescription Drug Plan:  Are your prescription medications covered? Are they in a different tier? Can you continue to use the same pharmacies? Has the premium, deductible or tier costs changed?

Providers Network: Are your doctors still in the network? (You can confirm this with the online directory.)

You have the opportunity NOW during the Medicare Open Enrollment Period to switch to more suitable coverage. This year, open enrollment begins October 15 and continues through December 7 so you have plenty of time to shop and compare plans. 

This is where I can help you.

As an independent agent, I represent many of the most respected insurance companies in Ohio and I will help you find the most suitable plan for you based on your personal needs. Best of all, you never pay a dime for my services. The big difference is that with me as your agent, you have the advantage of having your own personal local insurance expert to call whenever questions arise. 

When it comes in the mail, please review your Annual Notice of Change carefully. If you have elderly family members or friends, please help them review their plans, too. Don’t wait until it’s too late. Call me if you have questions and we’ll set up an appointment to do a Medicare review together.

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