Feeling overwhelmed by your Medicare options? There’s a good reason for that. With more than 3,000 Medicare Advantage plans, over 700 Part D Prescription Plans available and an array of carriers offering Medicare Supplement plans, there’s a lot to consider.
“Whether this is your first time enrolling in Medicare or you’ve been through the process before, it’s easy to get confused by the big picture, not to mention all the details,” says Ryan Kocher, Medicare growth officer at Cigna.
This Medicare Annual Election Period (AEP), Kocher is demystifying the enrollment process by sharing the same tips he offers to his own friends and family members: 1. Don’t wait. Understanding Medicare can protect your health and finances in the years to come. If you are transitioning from a commercial plan, work with an expert with your company’s insurance plan to avoid gaps in coverage as well as late penalties.
