Call Us 941-747-4600 ☰ ˟
Logo
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Workers Compensation Quote
    • Flood
    • Health
    • Homeowners
    • LifeImage of right arrow
      • Life Insurance Quote
      • Medicare Insurance Quote
    • Recreational Vehicle
  • Blog
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Icon Auto Icon Home
Icon Business
Icon Life & Medicare Plans
Icon Flood Icon Recreational
Home > Blog > Medicare Open Enrollment: It’s Time to Review Your Coverage Options
MONDAY, OCTOBER 26, 2020

Medicare Open Enrollment: It’s Time to Review Your Coverage Options

Stethoscope

If you’re enrolled in Medicare, the annual fall Medicare open enrollment period (Oct. 15- Dec. 7) is the perfect time to review your Medicare coverage options to see if they are still right for you. If you currently have original Medicare and would like to try a Medicare Advantage plan, or if you’d like to change Medicare Advantage plans, this is also the time to do it. Any change you make will take effect beginning Jan. 1, 2021.

A quick reminder: Medicare Advantage plans combine Part A (hospital coverage), Part B (medical coverage), and usually Part D (prescription drug coverage) of original Medicare. The plans, offered by private insurance companies approved by Medicare, may also contain additional coverage, such as vision or dental.

To help you decide which option is best for you, think about what medical services and treatments you need—do you take prescription medication, or need vision or dental care, for example? What about specialized care or physical therapy? Once you know what types of benefits you need, you can compare plans to see which one is right for you.


If you need help deciding which Medicare Advantage plan or Medicare Supplement is right for you, please call us at 941-747-4600.


Due to COVID-19, another increasingly popular Medicare Advantage plan benefit you might want to consider is “telehealth”—the ability to consult with medical professionals virtually without leaving your home. More and more plans are offering this now.

Whether you are signing up for Medicare Advantage for the first time, or are considering renewing your current plan, here are some things to consider:

·        Are your doctors and preferred hospital part of your plan’s network of providers?

·        What will your out-of-pocket costs be? Can you afford the co-pays and deductible?

·        Do you need vision and dental benefits?

·        Does the plan cover you when you’re away from your primary residence? This is an important consideration for “snowbirds,” because some plans only offer emergency coverage if you’re away from home.


Staying with original Medicare but concerned about out-of-pocket costs? Ask us about a Medicare Supplement (“Medigap”) plan.


Medicare coverage can be confusing, so if you’d like to talk to a local agent, Lakewood Financial is here to help. Let us work with you to find the Medicare option that best fits your situation. We offer plans from Aetna, UnitedHealthcare and others.  Please call us at 941-747-4600, or click here to contact us online. 

 

For more information on Medicare benefits and plans, please see medicare.gov


Posted 11:00 AM

Tags: medicare, medicare advantage, medicare supplement, medigap
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020

  • auto insurance(3)
  • homeowners insurance(3)
  • car insurance(2)
  • summer driving(1)
  • medicare(1)
  • lessors risk insurance(1)
  • summer heat(1)
  • townhome insurance(1)
  • accident(1)
  • independent agent(1)
  • florida auto insurance(1)
  • travelers(1)
  • driving safety(1)
  • independent agency(1)
  • florida(1)
  • uninsured driver(1)
  • landlords insurance(1)
  • medigap(1)
  • tornadoes(1)
  • tornado safety(1)
  • business auto(1)
  • florida tornadoes(1)
  • uninsured motorist(1)
  • townhouse(1)
  • low-cost auto insurance(1)
  • commercial property insurance(1)
  • condo(1)
  • ho-3(1)
  • nationwide(1)
  • the hartford(1)
  • insurance vocabulary(1)
  • medicare advantage(1)
  • commercial insurance(1)
  • ho-6(1)
  • commercial auto insurance(1)
  • allstate(1)
  • commercial property(1)
  • medicare supplement(1)

View Mobile Version
Insure your needs today!
Social Social Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
Report a Claim
About Us
Our Carriers
Partners
Blog
Contact Us
Location 11015 Gatewood Drive
Suite 101
Bradenton, FL 34211

Ph: 941-747-4600
info@lwfinancial.com
A Pacific Crest Services Affiliate Agent