Medicare Review Time Is Here

It’s that time of year again, and this doesn’t refer to Christmas, but instead Medicare plans.

Every year it’s a very wise move to review all Medicare plans in the
family. Certainly this can be done at any time of the year, but it’s
even more critical right now since it is open enrollment time until
December 31st, 2009. This is when seniors have the option to change
their existing Medicare Part D prescription plans and Medicare Part C
Advantage plans.

When dealing with Medicare Advantage Plans, make it a point to speak
to an expert health insurance broker, as there are a number of changes
relating to the Medicare Advantage plans that will directly affect
coverage. Currently, many seniors are now scrambling to find other
health insurance coverage since Medicare Advantage has been cancelled
out from under them.

The open enrollment period lasts six weeks and it’s a good time to
evaluate the four parts of Medicare – Part A, Part B, Part C and Part
D. Most of the seniors in Medicare have Part A and that provides them
with hospitalization and rehab after they get out. Part B includes
visits to the physician, some home care services and medical equipment.
In some instances, seniors will also have an employer sponsored
supplement or a private pay Medigap policy in addition to Parts A and B.

Most seniors are also very familiar with Part D, the fourth plan,
because it covers drugs. Part C is the infamous Medicare Advantage
program that came into being in 2003. Parts C and D were both created
at the same time and actually Medicare Advantage was a dusted off and
jacked up combination of the Medicare and Choice programs that had been
in existence since 1997. With Medicare Advantage, seniors got the
private insurance version of Parts A and B. If they signed on for Part
C, then A and B no longer covered them. Now, Medicare coverage is run
by private health insurance contracts with various insurance companies.

With all the changes to Medicare coming in 2010 and the cancellation
of Medicare Advantage, it’s time to speak to a knowledgeable Medicare
health insurance agent and find out what’s new for the future, who it
will benefit, how it will benefit them, and how to get signed up.

To learn more about Medicare, Medicare supplements, or Medicare supplement insurance visit GoMedigap.com.