Written by Taylor Financial Group, LLC
What can you do about the ever-increasing cost of drugs?
The cost of prescription medications has been increasing every year. This is especially important for Medicare beneficiaries. Medicare plans change every year, which can drastically increase the cost of your medication regardless of what you were paying before.
Per Forbes, 90% of Medicare beneficiaries are over-paying for their drug regimen plan. You can only change your plan during the Open Enrollment Period which runs October 15 – December 7. Taking the time to review your plan each year could end up saving you a lot of money each year.
Medicare Plan Finder
This tool allows you to do it yourself! Just input your information about your current plan so that you can compare it to other plans in your area. Here you can see if there are more cost-effective plans that work for you. It is important to check this every year as plans change annually.
This tool is readily available and simple to use. You get immediate results. However, this is just a comparison tool that provides you the information but does not give a recommendation. Medicare can be confusing, so there may be extra guidance needed from a professional.
Go to medicare.gov to use the Medicare Plan Finder tool now!
For those seeking more one on one guidance, 65 Incorporated is a company that offers Medicare consulting. Here, you are getting help from an experienced professional. They offer a Medicare Tune-Up where they:
- Determine what is going to change with your current coverage. Higher copays? Larger premiums? High deductibles? Provider network changes? Your Tune-up will show you all of this and more.
- Recommend the best plan(s) for your needs in the new year. By comparing your current insurance to every plan represented on Medicare.gov, we’ll make sure you find the best coverage for you.
- Provide you with a custom “Tune-Up Report.” Get all the details you need, including step-by-step instructions, in a custom PDF report.
With this service, you are getting all of the information needed about what is changing about your current plan and more cost-effective options. This could be very helpful as it is proven that the majority of people are overpaying for their Medicare plan and these tools could save them a lot of money.
If you are interested, go to 65incorporated.com to make an appointment of fill out a contact form.
Danielle K. Roberts of Boomer Benefits
Danielle K. Roberts is a founding partner at Boomer Benefits. She specializes in Medicare-related insurance products. Also, for over 14 years Danielle has been a member of the Forbes Finance Council.
Boomer Benefits is a licensed Medicare insurance broker that was founded in 2005. The company has grown to a team of over 40 full-time licensed agents. Her team has the expertise to help Medicare beneficiaries navigate the ins and outs of Medicare in 47 states. Her team is not only dedicated to helping people make better policy decisions, but to also gain a better understanding of Medicare.
The team at Boomer Benefits frequently communicates with clients in the event there is a rate change from their insurance company or if there are claim problems. This keeps clients informed at all times. Boomer Benefits also provides support with appeals and drug exceptions. Danielle and her team are committed to making Medicare as simple as possible for clients and can help relieve the stress of choosing a policy.
Boomer Benefits is not a place you go to just to buy a policy. It is the place you go to when you want continuous support from a knowledgeable team.
To get Medicare help, go to boomerbenefits.com and book a consultation today.
Take Action Today!
The Open Enrollment Period is the only time you can change your Medicare drug plan. After December 7th, you must wait until the next Open Enrollment Period to make any changes. Utilize one of these tools to help you prepare for Open Enrollment and ensure you choose the most cost-effective plan for you!
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This article is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought out.
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