Medicare Open Enrollment Period

October 15th marks the beginning of open enrollment for those with Medicare, and runs through December 7th with coverage starting at the top of 2014.

This will be the time to review your coverage, modify or change your plan however you see fit, because it’s also the time when companies release their benefit and premium information for the coming year. How do you know if you need to change coverage? Well, if during the course of this year, you’ve switched medications or been diagnosed with a medical condition you may want to think about at least modifying your coverage to reflect that change.

Some other factors you may want to consider:

  • Coverage
  • Additional health insurance, if you have any coverage you should see what, if anything is overlapping.
  • Cost, probably the most important factors to the majority of us. Be sure you take into account deductibles, copays, premiums and yearly limits on payments for services.
  • Medical providers. Depending on your medical conditions, be sure the choices of providers you’re given is taken into account.
  • Medications, as mentioned above, if you see that your medications have changed over the past year, or anticipate them changing in the coming year, you should think about modifying your Medicare coverage.
  • Quality of care, in other words, how satisfied are you with your current coverage?
  • Convenience. Are the providers you’re using available to you when you need them?
  • Travel. One factor not many people take into consideration, but be sure if you do enjoy traveling, your coverage travels with you.

Changes you make during this enrollment period will take effect on January 1st of 2014.

In a recent report by the Kaiser Family Foundation, more than 78 percent of Medicare enrollees who didn’t take advantage of this period to switch to another plan, paid on average 5 percent more in premiums than they had in the previous year.

Take advantage of this opportunity to change your plan and save money in the process. Give us a call to see how we can help.

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Regardless of whether you purchase a policy or not, we are always happy to help in any way we can.

Client Testimonials

Medicare Open Enrollment Period

  • "This is a family-owned business who cares about their potential clients. I was looking for help with health insurance and even though it turns out I don't need new health insurance at this time, I feel compelled to write a review because of how thorough Brendan was. He was very knowledgeable and easy-going. He didn't seem pushy at all and listened to everything I had to say. He made sure he was getting all the information correct. I would recommend this agency for any insurance needs." - Doug C.
  • "I sought help from Wooten Agency; Ed, along with Nancy, took the bull by the horns and sorted things out for us very quickly. Shortly thereafter Ginny took over. She is definitely most qualified as a plan selector for Medicare plans and issues related to Medicare. My appreciation to Crystal for the gracious way she always responds to telephone calls and makes every effort to ensure one is not forgotten. And Dana....the one contact we had was enough to find out you are similarly inclined to help a client." - Frank V.
  • "You [Aaron] have been so helpful, and you have all taken a personal interest in my individual and specific questions in order to make the best insurance choices for my needs. Thank you all! I look forward to working together in the future months and years." - Susan H.

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