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The Medicare Annual Enrollment Period is Coming: Tips for Comparing Medicare Quotes

medicare-annual-enrollment-period-comparing-quotes

The Medicare Annual Enrollment Period (AEP)—also called open enrollment—is a time when many Medicare beneficiaries review Medicare quotes to choose a plan that fits their needs for the following year. Our mission is to make the Medicare enrollment process easier for you, and we’ve collected these helpful tips about comparing Medicare plans along the way.

Comparing Medicare Quotes

The major differences between Medicare Advantage Plans generally fall into three categories: cost, convenience, and coverage. By ranking a plan’s qualities within these categories, you’ll get a clearer perspective on how the plan aligns with your goals.

Cost

Obviously, cost is a significant factor in plan comparisons for many people. Make sure you understand each plan’s premium, copay, and deductible to get a picture of overall costs. Some Medicare Advantage Plans may even be available with $0 premiums, copays, and deductibles. The Medicare Annual Enrollment Period is a good time to see what new options are available in your area. Don’t forget you must continue paying your Medicare Part B premiums while enrolled in a Medicare Advantage Plan.

Convenience

Most Medicare Advantage Plans have some type of physician network, and your costs for treatment outside that network will likely be higher. Find out whether your healthcare providers are in the networks of the plans you’re comparing. If all your doctors aren’t in-network, compare the convenience of visiting that doctor at an out-of-network cost versus having to find a new doctor.

Some questions that might help you make that decision include:

  • How often do I visit this doctor?
  • How high are my medical costs in this doctor’s specialty?
  • Are there other doctors in my area that I would trust or could easily get to?
Coverage

Which plan offers coverage that suits your healthcare needs? Consider the benefits carefully. Are your prescriptions covered in the plan’s formulary? Other common benefit categories include vision, dental, hearing, fitness, wellness, and caregiver support or in-home care.

Plan benefits change from year to year, so don’t depend on your research from a previous year to make a decision. In 2019, for example, the Centers for Medicare and Medicaid Services (CMS) changed regulations around certain types of benefits, which allowed insurance providers to offer entirely new benefits. Take advantage of the Medicare Annual Enrollment Period to re-evaluate your current plan and changes in your healthcare needs to see if it may be time to move to a different plan.

Finding Medicare Quotes

We make it easy to find and compare Medicare quotes during the Medicare Annual Enrollment Period and all year round! You can use the Medicare Online Enrollment Portal for a fully autonomous experience. Use your zip code to search for plans in your area, compare costs and benefits side by side, and enroll in the plan of your choice.

Or, if you prefer, you can receive personalized Medicare quotes directly from our Medicare Advisors. Just call 1-800-991-4407 / TTY 711 from 10 a.m. to 9 p.m. Eastern, Monday through Friday.