IT’S OPEN ENROLLMENT TIME REVIEW AND RENEW YOUR MEDICARE PLAN FOR 2021

Open enrollment runs from October 25 through December 7, 2020 for the year 2021. If you are sixty-five or older it is critical that you  review your current Medicare plan. Understand the basics:

Medicare Part A- Covers hospitalizations

Medicare Part B- Covers doctor’s visits and outpatient visits

Medicare Advantage- An alternative to A & B and is offered by private insurers. Some advantage plans cover dental, and eyeglasses. The most common advantage plans are:

• Health Maintenance Organization (HMO) Plans
• Preferred Provider Organization (PPO) Plans
• Private Fee-for-Service (PFFS) Plans
• Special Needs Plans (SNPs)

Medicare Part D- Covers prescription drugs

Medigap*-Supplemental (Medigap) policies help pay Medicare out-of-pocket copayment, coinsurance, and deductible expenses.

*Standard Medigap Plans C, D, F, G, M, and N provide foreign travel emergency health care coverage when you travel outside the U.S.