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November 30, 2022 General Interest

Review your Medicare Plan Before Time Runs Out!

If you are a Medicare beneficiary and you have not yet reviewed your Medicare plans for 2023, the time is now! The Open Enrollment Period (OEP) ends on December 7, 2022.

This is an important time for people with Medicare to review their current plans, note any changes, and determine if it is still the best option for them. Since insurance companies can change plan premiums, deductibles, and co-pays each year, switching to a different plan could result in extra money in your pocket!

To learn more about what changes can be made during the Open Enrollment Period, visit Medicare. Some of the options include:

  • Change from Original Medicare to a Medicare Advantage Plan
  • Change from one Medicare Advantage Plan back to Original Medicare
  • Switch from one Medicare Advantage Plan to another Medicare Advantage Plan
  • Switch from a Medicare Advantage Plan that doesn’t offer Part D drug coverage to a Medicare Advantage plan that offers drug coverage
  • Switch from a Medicare Advantage Plan that offers Part D drug coverage to a Medicare Advantage Plan that does not offer drug coverage
  • Join a Medicare Part D prescription drug plan
  • Switch from one Medicare drug plan to another Medicare drug plan

As you can see, there are lots of important decisions to make related to your Medicare coverage in 2023. There is still time, but the time to act is now, as the opportunity to make changes ends at 11:59 p.m. on December 7, 2022. Any changes that you make will go into effect on January 1, 2023.

If you are looking for assistance with plan comparisons, please call 1-800-MEDICARE (1-800-633-4227). You can also visit the Medicare website and utilize the Medicare Plan Finder to see what plans are available in your area.

While you are making decisions about your Medicare coverage for next year, be cautious of offers that seem too good to be true from phone calls you might receive or commercials that you see on television. For unbiased assistance, reach out to Medicare.

To learn more about Medicare-related scams, visit the Wisconsin Senior Medicare Patrol’s website or call our toll-free, confidential Helpline at (888) 818-2611.