The open enrollment period is right around the corner and you will soon have the opportunity to make changes to your Medicare and/or prescription drug coverage (Part D).
You’re not required to make changes to your coverage, but it may be a good idea to review your prescription drug benefits if you’ve had a significant change to your medications.
We’ve prepared the following frequently asked questions to help you determine if you need to take any action and guide you through the process.
What are the dates for the Medicare Open Enrollment Period?
The 2023 Medicare Open Enrollment Period is from October 15, 2022 to December 7, 2022.
What if I do not want to change my prescription drug plan?
You’re all set and no action is required. You will be re-enrolled automatically starting January 1, 2023 (as long as your plan or a replacement is being offered).
Prescription Drug Plan Annual Notice of Changes
For your drug coverage, any changes to benefits will be outlined in the Annual Notice of Change letter that is sent to you directly from your drug plan. This letter should arrive by late September. If you do not receive it, please contact your drug plan using the toll-free phone number found on your ID card and request a copy.
Please note, this standardized letter only applies to prescription drug plans and you may not receive an Annual Notice of Change Letter for a Medicare supplement (Medigap) plan.
If you’d like to review some of the upcoming changes to prescription drug plans, we’ve also prepared a brief summary of the 2023 Changes to Medicare Part D that you can access below.
What if I do not want to change my Medicare supplement (Medigap) plan?
You’re all set and no action is required. Medicare supplement (Medigap) benefits are not subject to changes, so rest assured that your benefits will remain exactly the same and stay in-force (as long as you continue making your automatic premium payments).
How can I review my Medicare supplement (Medigap) plan?
If you’d still like help reviewing your Medicare supplement (Medigap) coverage, please use our calendar link below to schedule a review. We will gladly help you.
Please keep in mind, however, that you will most likely be required to go through medical underwriting if you want to change your Medigap plan - and the new insurance carrier may decline your application based on preexisting health conditions.
How do I reserve a time with Andrew to review my Medicare coverage?
You can easily schedule with the following link: click here to view Andrew’s calendar and schedule your meeting
As always, thank you for the opportunity to help you and please let us know if you have any questions or concerns. Wishing you a happy and healthy year!
The Waxman Insurance Team
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Not connected with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-medicare to get information on all of your options.