Couple looking at computer

Medicare Annual Enrollment is Almost Here

It’s easy to think of Medicare as a one-time thing. Three months before you turn 65 or up to three months after, you make your initial election and supplement decision, then go on your merry way, right? Unfortunately, no. Medicare is not a “set it and forget it” process. You should revisit your plan each year as it could save you money and prevent surprises. Each insurance carrier frequently renegotiates provider contracts which can ultimately change the terms of your supplement plan. Each year you need to check on the three P’s: your providers, your prescriptions, and your pharmacy to ensure your plan still covers your preferences.

Sadly, we’ve seen what can happen if you don’t revisit your plan annually. You could go to the pharmacy to pick up a prescription, and your medication is no longer covered. That hikes your out-of-pocket cost, possibly by hundreds of dollars. Supplement plan changes can also impact your premiums, copays, deductibles, and covered services. Plus ancillary benefits, like x-rays, prosthetic devices, and physical therapy. Extra benefits like gym memberships, chiropractic visits, and meal deliveries are also worth reviewing. These things often get added to – and dropped from plans.  

The Medicare Open Enrollment period runs from October 15th to December 7th. This is when you can make changes if you are not happy with your coverage. You can:  

There’s a lot to consider and even more information to wade through regarding Medicare and supplements. Join us for our September 15th Lunch & Learn Medicare Annual Enrollment: Why You Should Revisit Your Plan Each Year. Merkle Retirement Planning Director of Medicare AnnaMarie Morrow will take you through a checklist of things to review each year and answer any questions about enrollment.  

The Lunch & Learn starts at noon at Merkle Retirement Planning. There will be a complimentary meal. If you can’t join us in person, a recorded presentation will be sent to everyone’s inbox on Friday.

Here is the link to the Medicare Annual Enrollment Lunch & Learn with AnnaMarie Morrow from 09/14/2022. https://youtu.be/4bzs3H3jUs8

Elections and Your Retirement | Managing Market Uncertainty

May 19th, 2024

In this episode of Retiring Today, Elections and Your Retirement, we dive into […]

Read More

Early Retirement Strategies | 8 Reasons to Leave the Workforce Sooner

May 12th, 2024

In this episode, Retirement Planners Clint Huntrods and Loren Merkle delve into the […]

Read More

Simplifying Tax Strategies For Your Retirement

May 5th, 2024

Discover simple yet effective tax strategies for retirement.  – Understanding the massive scope […]

Read More

How to Combat Inflation for a Secure Retirement Lifestyle

April 28th, 2024

Facing the challenges of inflation can be daunting, especially as you plan for […]

Read More

Retirement Strategies | How to Stop Leaving Money on the Table

April 21st, 2024

Don’t leave retirement money on the table due to taxes! We’re diving deep […]

Read More

Maximizing Your Social Security | Strategies for a Smart Election

April 14th, 2024

Navigating Social Security benefits can be daunting, especially when you’re on the cusp […]

Read More

Navigating Retirement | A Couple’s $12 Million Lesson

April 7th, 2024

Discover how to navigate the complexities of retirement planning with Retirement Planners Loren […]

Read More

Retirement Planning | Why It’s Not an Easy Set It and Forget It Scenario

March 31st, 2024

We look at why you can’t simply “set it and forget it” when […]

Read More

Navigating Your Financial Future When Your Advisor Retires

March 24th, 2024

Navigating the transition when your financial advisor is heading into retirement can be […]

Read More

Essential Legacy Planning Documents for a Secure Retirement

March 17th, 2024

Retirement Planner Loren Merkle discusses the critical topic of legacy planning and retirement. […]

Read More

Ready to take your retirement to the next level?

Let's chat! Schedule a RetireReady Call to talk with a retirement planner about your retirement vision.

Ready to take your retirement to the next level?

Let's chat! Schedule a RetireReady Call to talk with a retirement planner about your retirement vision.

Call Now Button