Medicare’s Open Enrollment Period begins on October 15, and you may be asking, “Should I Change My Medicare Coverage During 2022 Open Enrollment?” Hopefully our provided flowchart below will help.
Now is the ideal time to evaluate whether this is the year to change your coverage. Perhaps you’re:
- Wanting a plan with different services that it covers.
- Requiring access to specific hospitals, doctors, or prescriptions that aren’t covered under your current plan.
- Needing more convenience, higher quality, or a plan that will cover you while you’re traveling.
Making this decision is anything but simple. To help you through the process, we’ve attached a helpful flowchart here:
Should I Change My Medicare Coverage During Open Enrollment?
It covers considerations that can influence your decision, such as changes in health care needs, costs of premiums and deductibles, and the effective dates of any changes.
As your financial advisors, we’re ready to help you navigate the Medicare landscape. If you’d like to schedule some time with us to go through the flowchart together or to ask other questions you may have, we would be glad to help.
