When you turn 65, Medicare becomes a vital part of your health care coverage. But Medicare isn’t a “set and forget” program.
You have the opportunity — and often the need — to review and adjust your coverage every year during the annual open enrollment, between Oct. 15 and Dec. 7. Here are some things to consider:
- Out-of-pocket costs such as monthly premiums, deductibles, copayments and other expenses that Medicare doesn’t cover: Sometimes a plan with a higher premium saves money overall because of lower deductibles and copays.
- Prescription drug coverage: Verify that your medications are included.
- Provider access. Make sure your doctors and hospitals are covered by the plan.
- Your health care needs for the coming year: Does your potential plan cover the care you expect to need
- And travel plans: Frequent travelers might want supplemental coverage for overseas medical emergencies not covered by Medicare.
So, take advantage of Medicare’s annual open enrollment to ensure the coverage you choose meets your needs.
Jacob Anderson / Financial Advisor / 28200 HWY 189 Suite 03-160 / Lake Arrowhead, CA 92352 PH: (909) 337-8188. This content was provided by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, Member SIPC.
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