Every year there are adjustments to Medicare for those participants in Loveland, Longmont, Windsor, Fort Collins, Greeley, CO, and the surrounding areas, and when these updates come out it is a good time to review your current Medicare insurance to see if it is still the best option for you. Volk Insurance Benefits can help you plan for any upcoming changes to Medicare insurance and can also help you to understand Medicare insurance if you will be newly on the program. One of the significant changes to Part D of Medicare for 2025 was the elimination of the “donut hole” where there was a gap of coverage where users would have to pay 100% of their drug costs. Just this change alone could have significant implications for many people on Medicare insurance. Contact our team to schedule time to discuss Medicare insurance and how it affects you.
Traditional Medicare or Medicare Advantage
In order to enroll in either Medicare or a Medicare Advantage plan, you will need to know when your enrollment period is. For those that are turning 65, you have an initial enrollment period that stretches from three months before your birthdate to three months after your birthdate. If you miss this initial enrollment time period, you will need to wait until the annual enrollment period that runs from the first of the year until the last day in March of each year.
Because Medicare Advantage plans offer the same Part A and Part B coverage, the time periods for those are the same as well. However, there are many different Medicare Advantage plans, and they each offer something a little different beyond Parts A and B. This is where the comparisons will need to be made so that you know what else you might be able to get, and if that is worth it to your situation.
Other Coverages to Consider
While prescription drugs are covered under Part D of Medicare, other things such as dental, eyes, hearing, and other things are not part of traditional Medicare. These may be addressed by some Medicare Advantage plans, and you will need to review the offerings to determine if they are available or not. This is where working with an independent insurance agency can really pay off because they will look at many insurance options to get their clients that best fit for their needs.
Medicare insurance might seem daunting at first in Loveland, Longmont, Windsor, Fort Collins, Greeley, CO, and the surrounding areas, but with the help of our team at Volk Insurance Benefits we will make things clear for you. Working with our independent insurance agents at Volk Insurance Benefits will provide you with important information to make sound decisions. Contact our team today to start discussing your Medicare insurance options.