The annual Medicare Open Enrollment Period started Today, Friday, October 15, 2021. For those currently enrolled in Medicare, this is the time for you to make changes to your plan.
We recommend that you review your Medicare coverage to make sure it still fits your healthcare needs for the coming year. Any changes you make will be effective beginning on January 1, 2022.
This is also the time to make changes to your Medigap policy and Part D Prescription Drug plan. You can enroll now if you have Medicare but have never enrolled in a Medigap plan or Prescription Drug plan.
One of the critical items you should review is whether the medications you use will continue to be covered under your Prescription Drug Plan. Review the plan’s list of the drugs covered under your specific plan. This information can be found on the insurer’s website, but we recommend contacting the insurance company and confirming the drug will be covered.
Keep in mind that marketing materials from insurance companies may be mailed to you. However, be wary of anyone contacting you directly, as these companies are not allowed to call or come to your home without initiation by you.
Also, the deadline for Open Enrollment is December 7, 2021, so don’t wait until the last minute to review your Medicare plan and make changes. An excellent resource to look at is Medicare.gov.
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.
