The Medicare enrollment season is here. Running now through Dec. 7, the enrollment period allows seniors to choose from thousands of available options in the individual Medicare market.
But it can be a daunting task, experts from consulting firm Aon Hewitt warn. According to their research, 60 percent of seniors say the amount of information about Medicare health insurance can be overwhelming, which can lead to less than ideal Medicare enrollment choices.
Do your homework. Your choices not only impact your pocketbook, but also your overall well-being. It's important you take the time to seriously evaluate all of your Medicare options and weigh them against your specific needs. Before you begin, consider these questions:
- How is your health? Have your needs changed since last year?
- Do you anticipate any significant life changes this year, like a move?
- What prescriptions are you taking?
- Are there specific doctors that you want in your medical plan?
- What type of premium can you afford?
- Do you have a chronic condition?
As you are researching your options, ask your friends and family about their plans. What do they like and dislike? Getting advice from trusted family members and friends is a good way to get information on how a plan operates, the service it provides and the turnaround time on claims payments. Remember that you have unique health and financial considerations, so look for a plan that is right for you.