If you’re one of 56 million Americans eligible for Medicare, it’s important to understand coverage options when selecting your plan for 2020.
Research can take time, and many people find a licensed health insurance agent helpful. Answering these questions can help you make an informed choice during the Medicare Annual Election Period, which runs from Oct. 15 to Dec. 7.
- Are my doctors and hospitals in network? Most Medicare Advantage plans offer online tools to help you find who’s in a plan’s network.
- Which plans will cover my prescription drugs? Original Medicare does not cover most prescription drugs. Many Medicare Advantage plans include prescription drug coverage, or you can sign up for a Part D Prescription Drug Plan separately.
- Are there innovative benefits I should consider? Beyond vision, dental and hearing coverage, look for fitness program benefits and transportation services.
- Do I need to sign up for Medicare Parts A and B if I’m still working? If you have health insurance from an employer, you can delay enrolling in Medicare until the employment or the coverage stops. At that point, you’re entitled to a special enrollment period of up to eight months.
Resources are available, including licensed sales agents, local seminars, and websites such as medicare.gov and humana.com/Medicare. You can also call 1-800-MEDICARE (1-800-633-4227) (or TTY: 1-877-486-2048) 24 hours a day, seven days a week or call Humana at 1-800-213-5286 (TTY: 711) 8 a.m. to 8 p.m. local time seven days a week.
As with any major decision, proper research will go a long way toward making the best plan choice.