Your Annual Notice of Change Booklet is Coming Soon.
By the end of September, everyone who has a Medicare Advantage plan or a Part D Prescription Drug plan will receive information in the mail called the “Annual Notice of Change” (ANOC). This booklet provides important information on changes you will see in your insurance coverage, cost and services for 2016.
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:
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?
Are your doctors still in the network? (You can confirm this with the insurance provider’s online directory.)
Is your plan still available in your county? Some plans may be discontinued for certain counties.
What to do if you find gaps in your coverage
If you find gaps in your coverage, you have an opportunity 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 there is plenty of time to shop and compare plans.
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. If you have questions, call me at 440-255-5700 or email me and we’ll set up an appointment to do a Medicare review together.