Millions of retirees are in the thick of Medicare open enrollment, but many find the process challenging. Here are some common Medicare open enrollment mistakes.
According to a July 2022 report from health care consulting firm Sage Growth Partners, only 4 in 10 people review their plan options each year during open enrollment, which runs from Oct. 15 to Dec. 7 this year.
This leads to Medicare open enrollment misses, including not confirming that your providers are in-network for the next plan year and not comparing your Medicare Part D prescription drug coverage with other available options. If you have a Medicare Advantage plan, you generally must get medical care from doctors within that plan’s network — and a plan’s network can change at any time. Before you decide to stick with the plan you’re in, make sure your preferred medical providers are still in the plan’s network in 2023.
This may require some legwork on your part, since websites and provider directories aren’t always up to date. “I was just at a client, and said their doctor wasn’t in-network, and it took us calling the provider and looking up a different site on the network side,” says Evan Tunis , president of Florida Healthcare Insurance. “The best thing I would advise is to call the doctor’s office and just confirm with them.”Whether you have Original Medicare or Medicare Advantage, your prescription drug coverage comes from a private insurance company, and it may change what it covers each year.
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