During the Medicare Open Enrollment Period that runs from October 15 through December 7, you can make changes to your Medicare coverage that will be effective on January 1, 2018. If you're satisfied with your current coverage, you don't need to make changes, but it's a good idea to review your options.
During Open Enrollment, you can:
- Change from Original Medicare to Medicare Advantage plan, or vice versa
- Switch from one Medicare Advantage plan to another Medicare Advantage plan
- Join a Medicare prescription drug plan, switch from one Medicare prescription drug plan to another, or drop prescription drug coverage
The official government handbook, Medicare & You, which is available electronically or through the mail, contains detailed information about Medicare that should help you determine whether your current coverage is appropriate. Review any other information you receive from your current plan, which may include an Annual Notice of Change letter that lists changes to your plan for the upcoming year.
As you review your coverage, here are a few points to consider:
- What were your health-care costs during the past year, and what did you spend the most on?
- What services do you need and which health-care providers and pharmacies do you visit?
- How does the const of your current coverage compare to other options? Consider premiums, deductibles, and other out-of-pocket costs such as copayments or coinsurance; are any of these costs changing?
Please feel free to contact any of our Hummel Group locations for questions you have about Medicare or to see what plans are available.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2017
IMPORTANT DISCLOSURES Securities offered through The O.N. Equity Sales Company, Member FINRA/SIPC. Investment Advisory Services provided by Hummel Wealth Management, LLC. Address: 4585 State Route 39, PO Box 250, Berlin, OH 44610. Phone: 330-893-2600. Hummel Wealth Management, LLC is not affiliated with The O.N. Equity Sales Company. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.