Medicare runs its Annual Election Period each fall, from October 15 to December 7. Autumn might seem a long time away, but it’s really only 90 days from now! And because your Medicare plan is a major decision, from both a healthcare and financial perspective, it makes sense to get started early. Here’s what you need to do, to ensure that you’re ready for the annual enrollment period when it arrives.

Watch your mail. Prior to October 15, you should receive an Annual Notice of Changes from your plan provider. This notice will inform you of any changes to be made to your current plan for the upcoming year, so that you can make an informed decision about whether to keep it or search for a new plan that better suits you.

Research your options. Even if you feel satisfied with your current plan, you never know when something even better might be available. Research all of the different types of Medicare plans available to you, such as Original Medicare, Advantage plans in your area, supplement plans, prescription plans, and more. Look closely at the drug formularies for each plan, to be sure your necessary medications are available and affordable.

Review your spending. How much did you spend on premiums this year? What about your out-of-pocket expenses for things like medications? Did your spending suit your budget, or do you feel like you could do better?

Consider your coverage needs. Are you happy with your network of providers? Do you need medications that can get expensive? Are you expecting to undergo any tests or procedures next year? Consider your current and upcoming healthcare needs, and compare them with what your plan provides.

Get personalized help. Get in touch with a Medicare expert, who can help you determine your needs and match you with a plan that best suits you. We specialize in understanding the ins and outs of Medicare so that we can help each client get personalized healthcare that is just right for them. Give us a call, and we’ll be happy to answer your questions.