You Need to Pay Attention to Medicare Changes

If you have Medicare, you should be aware that open enrollment will begin soon. Each year, from October 15 to December 7, seniors on Medicare can modify their existing coverage.

Medicare Advantage Premiums: What to Expect in 2024

In 2024, the average monthly premium for Medicare Advantage (MA) plans is expected to rise by 64 cents. About 73% of MA beneficiaries are not expected to see any increases in the monthly premiums for their current plan next year, according to the Centers for Medicare & Medicaid Services (CMS). Currently, the average premium for Medicare Advantage, which serves as a private insurance substitute to the original Medicare, stands at $17.86 per month. This is …

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Are You Ready for Medicare Open Enrollment? Here’s What You Should Know

October heralds the onset of autumn, but for seniors on Medicare, it signifies the commencement of open enrollment. The enrollment period for this program is from October 15th to December 7th every year. Here are some key points to consider during this period: #1 For Current Enrollees Only: The initial window for Medicare enrollment opens three months before and closes three months after the month of your 65th birthday, providing a seven-month timeframe for enrollment. …

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Five Common Medicare Open Enrollment Mistakes

. According to a report released by the healthcare consulting firm Sage Growth Partners in July 2022, some individuals do not comprehend the distinction between Medicare Advantage and Original Medicare, many are overwhelmed by Medicare advertising, and only four out of ten people review their Medicare plan options annually.

Now Is The Time To Change Your Medicare, But Should You?

It is open enrollment season for Medicare. And retirees have the typical uncertainty about what to do. Possibly the most crucial question: Should you enroll in a Medicare Advantage managed care plan or in standard Medicare?

Now is the Moment to Review Your Medicare

Open enrollment for Medicare occurs between October 15 and December 7. This is your chance to make sure Medicare is working for you. It is very important that you review your options to make sure you have the right coverage.