Medicare Supplemental Insurance

Posts Tagged ‘AEP’

With the Annual Enrollment Period starting on November 15th I thought I would share some findings with you my friends.  By request I have been reviewing plans for my clients preparing for the Annual Enrollment Period coming up here in a few days and I wanted to share that it completely depends on your actual prescriptions, whith what your total cost will be for the year.

To give you an example, the last comparrison I ran on medicare.gov for one of my clients, she is currently on five (5) different prescriptions.  And this is the reason I STRESS that you look past the montly premium for your plan, her total costs including premiums for the year ranged from $2587 to $5490!  That is a difference of $2903 for the year, from the most cost effective plan to the least! And the funnything is, neither of the plans were the cheapest monthly or most expensive monthly premium.

The average monthly premium ranged from $34 to $50 per month. So again, make sure you look past what the montly premium is for your Part D prescription program is and look at the total cost for the year.  You will save more than just a headach later in the year, you could also save a ton of cash by makeing sure you get in the plan that gives you the best all around deal!

Happy Hunting!

Travis