By Trish Pearson
Insure Your Future
Trish Pearson
The annual enrollment period is in full swing, to be followed shortly by open enrollment for individual insurance through the health exchange. Because there are so many changes in Medicare plans this year, it is particularly important to closely review current plans. This is particularly true for those who are taking name-brand (tier 3) medications as the cost structure has changed dramatically due to the aggressive and positive moves that Medicare has made for 2025.
There is no one-size-fits-all when it comes to insurance plans. It could not be more true this year. It is a matter of what makes the most financial sense as opposed to quality of care. Whenever there is a major shift in the insurance industry, it has a ripple effect on all aspects of the plan. Insurance companies have adjusted benefits for dental, over-the-counter medications, vision, and yes, the fitness allowance.
The most important benefits to consider are medical care and prescription medications. After that, the extra benefits should be considered. Priority should be given to the benefit amount, where it can be used and what you need (spend money on) the most.
Just as with other areas of life, you should schedule an insurance review with a professional who can explain the changes and help you understand how it will impact your
coverage. If a change is warranted, make it. There are several options available. One size does not fit all.
You have until Dec. 7 to educate yourself and decide if a change is appropriate for Jan. 1 for Medicare beneficiaries. You have until Dec. 15 for individuals under age 65. It will be time well spent and you don’t have to do it alone. Call a certified professional for help.
Trish Pearson is a licensed independent insurance agent and certified long term care specialist. Contact her at 203-640-5969 or trishpearson281@gmail.com.