life. health. wellness.
The Annual Enrollment Period
E
ach year from October 15 through December 7, is the annual enrollment period for Medicare health insurance, which gives you the chance to review your current Medicare plan. You can take this opportunity to ensure your benefits still work for you and your health care needs. Then, you can determine if you want to stay with your current plan or enroll in a different Network Health Medicare Advantage Plan.
What should I consider when reviewing my plan?
When doing your annual plan review, you’ll want to think about the benefits that are most important to you. Think about services you use the most and what they cost. Below are some important factors to consider. Out-of-pocket maximum – This is the yearly limit on costs for your medical services covered under Medicare Parts A and B. It’s one of the most important things to consider when reviewing your plan for the upcoming year. Primary care services – This is the cost to see your personal doctor. Consider this if you regularly see your doctor for things other than your annual wellness exam. Specialist services – The cost for specialist visits may be especially important if you see a specialist to help manage your health care needs. Medication deductible – The amount you must spend on Part D medications before the plan begins paying. Network Health Medicare Advantage Plans do not have a Part D deductible on Tier 1 and 2 medications. Medication copayments – The out-of-pocket cost you would pay for Part D medications when you pick up your prescriptions at the pharmacy, prior to meeting the coverage gap. Travel benefit – If you regularly travel within the United States or internationally, you’ll want to ensure your plan has a travel benefit, so you’re covered no matter where you go. Network Health plans are great for this. Extra benefits – This includes benefits beyond medical and prescription coverage, like dental, vision, hearing, fitness and Network Health’s Pick Your Perks flexible reimbursement program. If you’re happy with your current plan, you don’t have to do anything. It’s that easy. You will automatically be re-enrolled in the same plan for 2022.
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