An eHealth Inc. subsidiary, PlanPrescriber, has issued its “Top 6 List”, which is a report that contains issues that individuals who are considering the Medicare Supplement plan – especially baby boomers – will want to think about before the end of the 2012 Medicare Annual Enrollment Period.
This period started on October 15, 2011, and will continue until December 7, 2011. In the majority of circumstances, beneficiaries of Medicare who also have a supplement plan and want to alter their prescription drug coverage in Part D for next year will only be able to make those alterations within this Annual Enrollment Period.
Baby boomers are now starting to gain Medicare eligibility since they are now reaching their 65th birthdays. This means that a growing number from that generation is now working to understand which options for coverage are available to them through Medicare, including the different types of supplement plans and the enrollment periods that will actually allow them to take part in – or change – their Medicare Supplement Plans. Struggles to find the best fit will not be rare for this age group.
The PlanSubscriber report included a number of points of which boomers and other new Medicare enrollees should know, including:
• Medicare Supplement plans can experience rate increases periodically
• Newly enrolled Medicare beneficiaries will have higher premiums than those already enrolled. Medicare Supplement plans will also be pricier.
• Beneficiaries who become ill will face fewer additional costs
• Part D for prescription drug coverage is not included in Medicare Supplement plans
• Medicare Supplement plans can be hard to change
• Medicare Supplement plans cover medical services when you travel.
For more information and rates on other types of supplemental health insurance that are not medicare supplemental health plans but more of lower cost critical illness insurance plan.