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January 22, 2018
4 Things to Do After Open Enrollment Is Over

4 Things to Do After Open Enrollment Is Over

You've made it! It's a new year, and the busy Part D open enrollment season is over.

So... what now?

Actually, there are a few things you can take care of during the first few months of this year, so we'll cover 4 things to do once open enrollment is over.

1. Have Your Medicare Supplement Reviewed

While open enrollment is a great time to meet with your agent, it might not be the time to review your Medicare Supplement.

The open enrollment period (October 7-December 15) is for choosing a Medicare Part D drug plan.

Assuming you sign up for Medicare when you are first eligible, you generally purchase your Medicare Supplement around your 65th birthday. As you know, birthdays can fall at any time during the year.

If your birthday falls outside of the October 7-December 15 open enrollment period, you might want to meet with your agent again to do an annual review.

You can also meet with a specialist here at Medicare Allies. An annual review is free, and it’s something you should absolutely take advantage of.

Your annual review is a great time to make sure you’re up to date and that your plan is still the most competitive plan on the market.

Who knows? Perhaps you’ll walk out of your annual review with some great cost savings.

Request a Supplement Review

2. Watch Your Part D Drug Plan Costs

Thanks to open enrollment, you likely have a drug plan. It's important to make sure your plan is covering your drugs appropriately. If something goes wrong, like your drug plan says it won't pay for your prescription anymore, ask your agent about filing an appeal.

You can also read about filing an appeal here.

3. Test Out Your Medicare Advantage Plan

If you signed up for a Medicare Advantage Plan during the enrollment period, it's important that you test it out. You have until February 14 to change your mind if you decide you don't like it. In this instance, you can cancel the Medicare Advantage plan and go back to Original Medicare, perhaps with a Medicare Supplement.

January 1-February 14 is called the Disenrollment Period, and this is the time you're allowed to change your mind.

During this time, see if your favorite doctors are in-network, go to the doctor for a check-up, and get a feel for how the plan covers your medical bills.

If it's not a good fit, be sure to tell your agent before February 14.

4. Review Your Overall Medicare Plan

Open enrollment – October through December – is the busiest time of year for both agents and insurance companies. This is the time of year when you're more likely to face longer hold times, and you may have a tougher time scheduling an appointment.

However, January through March is generally a bit slower.

This is a fantastic time to set an appointment with your agent to cover your Medicare Plan.

Because this is a slow time of year, there isn’t a huge sense of urgency, and it's much easier to schedule a time to talk with your agent. You can really take your time and make a solid financial plan.

Our team at Medicare Allies does a “Medicare Planner,” which evaluates your personal risks and makes personalized recommendations based on them. This is a free service we offer to anyone who is getting ready for Medicare or who is already on Medicare.

If you’d like us to do a personalized Medicare Planner for you, please go to the scheduling page to choose a time.

Request a Personalized Medicare Planner

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Our team of dedicated, licensed agents can help you as little or as much as you need. Whether it’s answering a few questions about Medicare or creating a comprehensive Medicare Planner with you, we are your Medicare Allies.

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