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Medicare Open Enrollment for 2020 Is Here – Review Your Plan Choices to Maximize Your Benefits
Medicare health and drug plan costs and covered benefits change from year-to-year. New Medicare plan changes will take effect on January 01, 2020. Now is the time to review your healthcare plan during the open enrollment period to ensure that you have the right coverage for your needs.
By comparing and enrolling in the right Medicare plan during the open enrollment (October 15 to December 07, 2019), you will be able to sleep better in 2020. Plans benefits are constantly changing do not assume what worked for you this year is your best option for the new year. Take the time to review your medical and prescription coverage options and make sure you are receiving the maximum coverage from your plan.
Compare the copay’s and the out of pocket maximums to determine which plan would be most cost effective. Specifics of the insurance providers could affect your premiums, covered services, deductibles, participating doctors, hospitals and pharmacies. Be sure to look beyond premiums and try to estimate your overall total out-of-pocket expenses.
Open Enrollment is Here
During 7-week window open enrollment period, you can:
- Purchase a plan if you are new to Medicare or have not enrolled yet
- Switch to an Advantage Plan from original Medicare and vice-versa
- Change Medicare Advantage plans
- Change Your Medicare Part D plan
- Purchase supplemental Medicare Coverage
When reviewing plans
Ensure that the medications you are taking are still covered, also you need to ensure that the medications you are taking haven’t been changed to a higher more expensive tier in 2020.
Confirm your physicians and preferred hospitals are still part of the plan.
Read the ANOC (Annual Notice of Change) sent by your plan or the Explanation of benefits that includes information about any changes in coverage, costs or service area related to your plan. This will help you determine whether your plan will be able to meet your needs for the upcoming year.
There are always changes in the plan offered in your particular area. It is important to review all the plans to determine which is the most beneficial for you in 2020.
Part D plan premiums continue to decrease, that will help you save in premium plan costs in 2020.
New plans continuously become available, do your analysis of similarly-priced plans, you can find a cost-effective one that could save you more in the year 2020.
Be prepared for maximum out-of-pocket costs
When choosing a plan always be prepared for the worst-case scenario. Analyze the maximum out-of-pocket expenses for your plan just in case something catastrophic is to happen in the upcoming year. Remember that lower premiums usually have higher deductibles and copays, while higher premiums usually have lower deductibles and copays. Lower premium doesn’t necessarily mean that your out-of-pocket expenses would be less. It is worthwhile to compare Medicare plans with a plan comparison tool at www.medicare.gov.
Often Medicare plans do not cover medicines that you need because they are excluded from Medicare coverage. In situations when medications are excluded the EzRx drug savings card could help you save. This medication discount card is designed to help you save on vitamins and minerals, allergy medications, cough and cold medications, weight loss medications, rosacea treatments, and erectile dysfunction .
EzRx drug discount card helps maximize medication savings
To Determine how much you can save on medications, you just need to present your EzRx discount drug card to the pharmacist while dropping off your prescription. The savings card can save from 10% to 85% on various branded and generic medications. To find the lowest price for a medication that you need, just check drug prices at www ezrxdrugcard.com.
EzRx prescription savings card is offered free of cost with no annual renewal costs. There are no age or income limits or restrictions, the medication discount card can be used at our over 65,000 network pharmacies all over the USA, including the brand-chain pharmacies such as Walgreens, CVS, Publix, Kroger, Target, and Safeway. Take your EzRx Savings Card the next time you need to save on your Adipex, pantoprazole, tramadol, or flexeril prescription. EzRx drug card can be used for prescription savings on all prescription medications including pet medicines.
To get your digital EzRx drug card on your mobile device, just text the keyword “EZRX” to 21000, save the digital savings cards to your phones wallet. You now have a card and you will never have to pay the full costs for your prescription medications.
Disclaimer: The information and content posted on this website is intended for informational purposes only and is not intended to be used as a replacement for medical advice. Always seek medical advice from a medical professional for diagnosis or treatment, including before embarking on and/or changing any prescription medication or for specific medical advice related to your medical history.