Don’t make the mistake this year and believe that you have plenty of time to “get around to it later.”
AEP 2022 will be crucial if you want to:
Annual Enrollment Period or AEP, for short, occurs once a year for Medicare beneficiaries during the time frame of October 15th through December 7th.
This time of year should be a BIG deal for everyone that is eligible for Medicare for various reasons. With everything happening around the world, the last thing you want is for your healthcare to suffer because you did not make time for AEP 2022.
We all know the phrase “A penny saved is a penny earned.”
#1: During AEP you can potentially SAVE MONEY on your Medicare Related Healthcare Costs for the year of 2022.
There could be potential savings if you review your Medicare Supplement. You can shop different companies and plans but would have to go through medical underwriting if you don’t have a qualifying event or are in your initial election period.
If reviewing a Prescription Drug Plan or a Medicare Advantage Plan, then you do not have health questions to answer when switching plans.
#2: This AEP 2022, make sure to review your prescription drug plan. Run all your medications, with dosage and quantity refilled at your preferred pharmacies. This will narrow down plan’s preferred pharmacy network, monthly premium costs and copays. You can also compare plan deductibles and review the plans formulary to make sure ALL your medications are covered for the following year.
If you need help click here and a licensed agent can help you go through each plan options in detail and help enroll you in the desired 2022 plan.
Many have encountered going to the doctor to be told “We don’t take your insurance.”
Wait a minute, don’t freak out.
That does not mean your insurance is not good. Simply, you are probably in the wrong plan. This is very common.
#3: Be thorough.
Dot your i’s and cross your t’s. If you are on a Medicare Advantage Plan, you will want to factor in a few variables.
#4: Explore all pharmacy options in your area. Some pharmacies are Preferred Network, while others are Standard or Out-Of-Network depending on the company that offers it and the plan.
Don’t forget to also explore Mail Order pharmacy. Most plans have their Preferred Mail Order Pharmacy, where you can save a lot of money and time by getting your medicine delivered to your front door.
Review your plan to see what pharmacy network it has. This can potentially save you hundreds of dollars each year with lower drug pricing.
Standard Pharmacies charge a higher price for precription medications. Not-In-Network pharmacies will charge full price for the prescriptions.
Standard Pharmacies and In-House Mail Order Pharmacies will save you the most amount of money. Many times you can get your medications for $0 Co-Pay depending on the pharmacy, medication tier, and plan.
Most people miss out on great savings each year because they did not have their plans reviewed.
Having an expert broker work by your side can help you navigate and compare all plans. Insurance brokers have a multitude of companies to represent while a captive agent can only represent one company.
This AEP 2022, make sure you enroll in a plan that is offered in your area. Many times tv commercials are ran about certain plans and companies. When you call to enroll, you are told that it is not offered in your area.
#5: Verify availability of plans in your county and state. Plans and benefits can vary from county to county and state to state.
Some states are adding more plans, while others have to pull out of county due to insufficient enrollments and other factors.
Explore all your options and be very diligent on your research before enrolling.
#6: Safe Practices this AEP 2022.
Although it is always an amazing feeling to get the best and save money at the same time, you still have to be careful and perform safe practices this annual enrollment period.
Few ways to protect yourself and your family this AEP 2022:
To recall, there’s a lot of homework to be done this Annual Enrollment Period 2022. Check your medications, your doctors, your plans, and who you decide to help you. These simple factors can potentially save you hundreds of dollars for the year 2022.
Finish the year off strong, and start the new year even stronger and happier. Wishing everyone a successful and smooth AEP 2022. Please reach out if you need help.