Provided by Joseph V. Curatolo
During the Medicare Open Enrollment Period that runs from Oct. 15 through Dec. 7, you can make changes to your Medicare coverage that will be effective on Jan. 1, 2018. If you’re satisfied with your current coverage, you don’t need to make changes, but it’s a good idea to review your options.
During Open Enrollment, you can:
• Change from Original Medicare to a Medicare Advantage plan, or vice versa.
• Switch from one Medicare Advantage plan to another Medicare Advantage plan.
• Join a Medicare prescription drug plan, switch from one Medicare prescription drug plan to another or drop prescription drug coverage.
The official government handbook, Medicare & You, which is available electronically or through the mail, contains detailed information about Medicare that should help you determine whether your current coverage is appropriate. Review any other information you receive from your current plan, which may include an Annual Notice of Change letter that lists changes to your plan for the upcoming year.
As you review your coverage, here are a few points to consider:
• What were your health care costs during the past year, and what did you spend the most on?
• What services do you need and which health care providers and pharmacies do you visit?
• How does the cost of your current coverage compare to other options? Consider premiums, deductibles, and other out-of-pocket costs such as copayments or coinsurance; are any of these costs changing?
If you have questions about Medicare, you can call 1-800-MEDICARE or visit the Medicare website at medicare.gov. You can use the site’s Medicare Plan Finder to see what plans are available in your area and check each plan’s overall quality rating.
Joseph V. Curatolo is president of Georgetown Capital Group, 5350 Main St., Williamsville (phone: 633-9800, toll-free 1 (800) 648-8091, fax 633-9789, www.georgetowncapital.com).
Insurance services offered by Georgetown Capital Group, which is independent of Royal Alliance Associates, Inc., with separate ownership, and is not registered as a broker-dealer or investment advisor.
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