Four Things to Know as Deadline Nears for Choosing Medicare Coverage

By Rick Beavin, California Market President, Humana

The deadline is fast approaching! The Medicare Annual Election Period, during which people with Medicare can enroll in a Medicare Advantage or Prescription Drug Plan, ends Dec. 7.

 

It’s important to take this time to evaluate your health care choices. Even if you’re already enrolled in a plan, your insurance company’s drug formularies, provider networks and copays may change in 2019. Plus, your health care needs - such as the doctors you visit or the medications you take - could be different than they were last year.

 

Here are four simple steps to help you decide which kind of Medicare coverage is best for you:

 

  1. Review your current Medicare health plan. Look at what you’ve spent on health care in the past year, including hospital expenses and prescriptions. Evaluating what you spent in 2018 will help you decide whether your current health plan meets your needs, both financially and medically.

 

  1. Know your options for Medicare coverage:
  • Original Medicare (Medicare Parts A and B): Provides basic coverage for medical services and supplies in hospitals, doctors’ offices and other health care settings. Original Medicare does not include coverage for most prescriptions and includes cost-sharing in the form of deductibles and coinsurance.
  • Medicare Advantage (Medicare Part C): Includes all the coverage offered under Original Medicare, and typically also includes prescription drug coverage. Medicare Advantage plans may include additional benefits as well, such as dental, hearing and vision coverage; a nurse advice line; and a fitness program. Medicare Advantage plans are offered through private insurers, like Humana, and are steadily gaining in popularity: The number of Americans choosing this option is expected to climb to 36 percent in 2019, up from 33 percent in 2017, according to the Centers for Medicare and Medicaid Services.
  • Medicare Prescription Drug Plans (Medicare Part D): Offers coverage for prescription medications. Such a plan can be added to Original Medicare, a Medicare Supplement (Medigap) plan or to some Medicare Advantage plans (that do not include prescription drug coverage), some Medicare Cost Plans, and some Medicare Medical Savings Account (MSA) plans.
  • Medicare Supplement (Medigap) Plans: Pays most costs not included under Original Medicare, such as deductibles and coinsurance. These plans do not have a set provider network, and enrollment is not limited to the Medicare Annual Election Period but they are often subject to underwriting. These plans are also sold by private insurance companies, like Humana. Medicare Supplement plans on the market today do not include prescription drug coverage.

 

  1. Comparison shop. Research a plan’s out-of-pocket costs, and its network of doctors and hospitals. Check to see if your prescriptions are on your plan’s formulary (list of covered drugs), as these can change each year. Compare plan benefits, such as dental, vision and hearing benefits; a fitness program; virtual doctors and behavioral health coverage.

 

  1. Ask an expert. You are not alone! There are resources if you have questions:
  • If you prefer to learn more in person, you can attend a seminar in your area or meet with a licensed sales agent. To find out about Humana seminars or speak to a Humana licensed sales agent call 1-877-877-0714 (TTY: 711) 8 a.m. to 8 p.m. local time, seven days a week.
  • If you prefer to do your research online, you can visit websites such as gov and humana.com/medicare to view and compare plans in your area.
  • You can also call 1-800-MEDICARE (1-800-633-4227) (TTY: 1-877-486-2048) 24 hours a day, seven days a week for 2019 Medicare plan information to speak to someone by phone.

 

This is the time to make the best choice for you in the new year! Again, the Annual Election Period ends Dec. 7, 2018, so be sure to make your decision for Medicare coverage that starts Jan. 1, 2019.  

 

Humana is a Medicare Advantage HMO, PPO, and PFFS organization, and stand-alone prescription drug plan, with a Medicare contract. Enrollment in any Humana plan depends on plan renewal. For accommodations of persons with special needs at meetings, call <1-877-877-0714 (TTY: 711)>, 8 a.m. to 8 p.m. local time, seven days a week.

Views: 13

Comment

You need to be a member of San Pedro News Pilot to add comments!

Join San Pedro News Pilot

San Pedro News Pilot by email - sign up!

Delivered by FeedBurner

What is the SanPedroNewsPilot.com?

The SanPedroNewsPilot.com is the social network and information outlet for San Pedro.

Want to keep up with the news in San Pedro, become a member.


 

Membership has its privileges!

• Got news you think everyone should know? Blog it.
• Have a show or attending a benefit? Put it on the calendar.
• Got video of the big game? Embed it.
• Photos of the new storefront or the school play? Upload them.

Latest Activity


Sports Editor
Jamaal Kellen Street posted videos
17 hours ago

Sports Editor
Jamaal Kellen Street promoted Jamaal Kellen Street's blog post San Pedro High Football Advances To CIF-LACS D1 Championship
19 hours ago

Sports Editor
Jamaal Kellen Street posted a blog post

San Pedro High Football Advances To CIF-LACS D1 Championship

Inconceivable, yet believable.2018 was not the greatest of regular seasons for San Pedro High football, as they walked into the CIF-Los Angeles City Section Division 1 playoffs as the sixth seed with a 4-6 record, just ending a four-game losing streak with a 28-6 victory at Gardena for the first and only Marine League victory on October 26.Three weeks later, the Pirates…See More
19 hours ago
Heather Caine posted events
yesterday
Profile Icon via Twitter
RT @LAWaterfront: Boater registration is now underway for the 56th Annual Los Angeles Harbor Holiday Afloat Parade, sponsored by the @Porto
Twitteryesterday · Reply · Retweet
Profile Icon via Twitter
RT @FMC_gov: Changes to agreement governing @PierPass will go into effect 11-19-18, but FMC will enhance its monitoring of program and agre…
Twitteryesterday · Reply · Retweet
Profile Icon via Twitter
ICYMI: #PortofLA set an all-time record with 952,554 TEUs in October 2018—the most cargo ever handled in a single m… https://t.co/Kh6TVrXXY3
Twitteryesterday · Reply · Retweet
Dawn Clark-Johnson posted an event
Thumbnail

"All In The Family?" by Ann Buxie and Tina Tomiyama at Institute of Musical Arts

December 1, 2018 from 2pm to 4pm
On Saturday, December 1, 2018 at 2:00 p.m., the Institute of Musical Arts welcomes Ann Buxie and Tina Tomiyama, (both members of the advanced “Tell Me A Story” storytelling workshop) in a performance of their own original stories. What happens when families blend? You will be delighted by the answer as Ann and Tina give you a close up and personal look at their mixed race marriages. They will share the joys, surprises, and challenges they embraced as their blended families introduced them to a…See More
yesterday

© 2018   Created by San Pedro News Pilot.   Powered by

Badges  |  Report an Issue  |  Terms of Service