It’s That Time of the Year Again

Every year from October 15 to December 7 is Medicare Open Enrollment. What exactly is Medicare Open Enrollment? This is the time when Medicare holders have the chance to change their healthcare plan for the following year. Here are a few things everyone one on Medicare should know.
1. Medicare Open Enrollment and Open Enrollment for the Health Insurance Marketplaces are not the same thing.
Medicare Open Enrollment is for Americans who are 65+ or already qualify for Medicare because of a disability. While Open Enrollment for Health Insurance Marketplaces is for all Americans who are underinsured or uninsured. Both healthcare plan programs have open enrollment around the same time every year.

2. Remember the dates
The deadline for open enrollment is December 7. If you change your plan by the deadline your new coverage benefits will begin January 1st.
Another important date to remember is February 14th. This is the deadline for Medicare Advantage Disenrollment Period. If you enrolled into Medicare Advantage Plan and are unsatisfied, this is the time you can switch back to Original Medicare with no penalty.

3. Reexamine your current Medicare Plan
Even if you are completely in love with your current plan this is the time to shop around. There are many options and prices are always changing. Check if your current plan’s price will increase or if you will lose certain benefits. Compare your plan with other plans because who knows, there might be a better suiting plan for you out there.

4. Watch out for Scammers
Once you have received a Medicare number be very meticulous on who knows it, because it can be used for identity thief. Scammers will set up authentic looking website offering gifts or services just to find out your Medicare number. Another common method used is a phone technique where they call claiming they need your information for record keepings. All methods used by scammers are extremely convincing.

5. Beware of fines
If you would like to add extra coverage to your plan after the December 7 deadline you could face a lifetime fine. There is also a fine for not enrolling into Medicare once your seven month window around your 65th birthday has opened. Even if you believe you don’t need it, go ahead and sign up because it is completely free.

6. It’s ok to ask for help
Filling out all the paperwork for Medicare and researching different plans can get really confusing. There are licensed professionals who know Medicare inside and out, and are willing to help. You can contact Eagle Group Associates to be connected to a highly trained agent who will help at no cost to you. Call Eagle Group Associates at (405) 602-1554. Eagle Group Associates can help you find a plan and answer all of your questions about Medicare.
Medicare Open Enrollment was created to give Americans the opportunity to reevaluate their plans and adjust accordingly every year. Take advantage of open enrollment to find the benefits you want and need, at a price you can afford.

Why Get Renters Insurance?

It’s Affordable. The average renter’s insurance policy costs $187 a year, according to 2011 figures reported by the National Association
Eagle Group Agency | Snowy Houseof Insurance Commissioners (NAIC) in 2013.

Your actual cost will be determined by other factors like how much coverage you need, the type of coverage you choose, the amount of your deductible, and where you live. It covers losses to personal property.

A renter’s insurance policy provides coverage to your personal property such as clothes, jewelry, luggage, computers, furniture, and electronics.

If you don’t own much, it can quickly add up to an extravagant amount – certainly more than you’d want to pay to replace it.

Call Now ButtonCall Now