When you’re shopping for health insurance plans, you shouldn’t take a one-size-fits-all approach. Everyone’s health and financial situation are different. But with so many options available, you’re bound to find a good fit for your needs and budget.
How do you know what Medicare plan is best for you? It’s a good idea to work with an agent — as this can save you time and money in the long run. Here are three things to expect when you do business with an independent agency.
1) Share Medical and Financial Info
The first thing you can expect is to provide information on your medical history, any medications you’re currently taking, and your finances. Think about what medications you may need in the coming year. The more information you can give during your meeting, the smoother it will go. And your agent will have an easier time helping you with your options. We may ask you brief questions about your living expenses, whether you’re on a fixed income, and how much you’ve been spending on medical care.
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2) Get Specific Info on Medicare Part D
After sharing your information with your Medicare agent, you’ll get the details on prescription drug coverage (Part D). We often say this is the most confusing part of Medicare because of the drug tiers, formulary, and coverage gap (aka donut hole). Your agent will ask about your medications and dosages to make sure the Part D plan includes them. When you work with The Fussell Group, we’ll specifically review these things: If the plan has a preferred pharmacy network with reduced drug costs and if your pharmacy is listed.
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3) Review Your Coverage Each Year
Since Medicare plan benefits and premiums can change each year, and your health situation may improve (or worsen), your agent will review your coverage annually. This review will make sure you’re not paying for benefits you don’t need or help you get better coverage at an affordable price. The best time to make a switch is during the Annual Enrollment Period (AEP) from October 15 to December 7.
Work with a Licensed Medicare Agent in Louisiana
If you live in Louisiana and need help with your Medicare options, we’re your go-to agency. The Fussell Group are licensed insurance brokers with many years of experience. We’ll help you find the right combo of price and coverage so you can have peace of mind. Contact us today to get started.