Medicare Part D plans change each year, and it is highly advisable to compare plans on an annual basis to ensure that you have the plan that is most advantageous, cost-wise, to you for the upcoming year.
"On average, Medicare Part D plans are not changing dramatically this year," according to Garrett Ball, owner of Secure Medicare Solutions, an independent Medicare insurance brokerage. "However, that does not mean that your specific plan is not changing considerably, or if your medications have changed, that a different plan would not serve you better for 2013."
Medicare Part D plans are sold by private insurance companies and run on an annual contract. Each year, CMS (the government agency that administers Medicare) approves the premiums, benefits and structure of the plans for the following year. This means that the plans can change considerably from year to year. Also, as medications needs change, it is wise to "shop" your current plan against other offerings. This is available, as of today, on http://www.medicare.gov.
Medicare Supplement insurance, contrary to common misconception, does not have an annual enrollment period. However, it is a good idea to compare your Medicare supplement plan at this time as well, says Ball, who assists hundreds of clients with re-evaluating their plans each year.
"Many people don't know this, but you can change Medigap plans at any time," he said. "But, it is advantageous to go ahead and compare it all at once - Part D and your supplement plan. In many cases, you can save hundreds of dollars a year for the same plan, since Medigap plans are standardized and work the same way."
To get a customized rate quote comparison of Medigap plans sent to you by email, simply request the information at: http://medicare-
Secure Medicare Solutions is a leading, independent Medicare insurance agency owned by Garrett Ball. SMS owns and operates Medicare-Supplement.US, which is an online resource for comparing Medigap plans by email. To get more information or to get a Medigap comparison, visit them online or call 877.506.3378.