Checklist for AEP
1. Confirm that you are eligible to enroll - To
join a Medicare Advantage Plan you need to be enrolled in Medicare Part A and
Part B and live in the service area. To
enroll in a Prescription Drug Plan you must live in the service area and Medicare
Part A and/or Part B. Also, if you have
end-stage renal disease you usually cannot join a Medicare Advantage Plan but
here are a few exceptions.
2. Review any
coverage changes and determine if your current coverage still meets your needs
– If you are on a Medicare Advantage
or Prescription Drug Plan, carefully review your ANOC or Annual Notice of
Change. Does your plan still meet your
health needs and budget? Does it still
have you’re your doctors in network and are your prescriptions on their
formulary list? Do you want to add
dental or vision?
3. Will making
a change affect your other insurance – You can only be in one Medicare Advantage or
Prescription Drug Plan at a time. A new
Medicare Advantage or Prescription Drug Plan will automatically cancel the old
one. If you have retiree or VA
benefits, check to see if that insurance covers services that Medicare does not
cover. Talk to your benefits
administrator so you know how your insurance works with Medicare.
4. Do some shopping
– Review your health and prescription
drug costs and shop around to compare prices.
Medicare plans can vary in what they pay for services and prescription
medications. Make certain your doctors
and medications will be covered under your policy. Be sure to check the Star Ratings of your
Medicare Advantage and Prescription Drug plan.
These plans are rated on a scale from 1 to 5 for customer satisfaction
and quality.
Medicare doesn’t have to be confusing,
and hopefully this checklist will serve as guide to steps you can take during
AEP. Just think of the Annual Election
Period as your yearly Medicare check-up.
If you have any questions regarding AEP, I’m happy to help.
-Jackie Greene, IEN Risk Management
No comments:
Post a Comment