FOR PEACE OF MIND , CONTACT ELIZABETH ANNE LEY , CPA .
INDUSTRY INSIGHT
LIFE INSURANCE
SPONSORED CONTENT
MEDICARE ANNUAL ENROLLMENT PERIOD IS UPON US .
Be Aware of Many Changes — Seniors Choices Are Complex This Year !
Elizabeth Anne Ley
FOR PEACE OF MIND , CONTACT ELIZABETH ANNE LEY , CPA .
The Scout ’ s motto is to “ Be Prepared !” However , procrastination is much easier for many of us because it takes less time . With the Medicare Annual Enrollment Period ( AEP ) upon us ( Oct 15 - Dec 7 ), it will be vitally important for you or your loved ones to be prepared this year . The Medicare Supplement ( Medigap ) Plan auto-renews yearly and is regulated by law to provide the same benefits . However , your Medicare Advantage and Medicare Part D drug plan is not regulated and is subject to change annually . You have an option to select a new Advantage or drug plan each year during AEP . This is especially important this year due to Federal law changes .
Many insurance companies are making fundamental changes to their 2024 plans while keeping the same or similar plan name , which muddles the situation . Further , there are additional benefits in each zip code that are changing . It ’ s no longer limited to dental , vision , or hearing . New supplemental insurance options are new in Pennsylvania for Seniors this year .
In prior years , many of these types of insurance were unavailable in our zip codes or ineffective because individuals did not have ways of claiming these supplemental benefits . Many plans now come with debit cards but knowing how and when to use them is the next challenge . Many insurance companies are competing by expanding their supplemental choices to include utility payments , Medicare Part B premium buyback , meal delivery , and more . Understanding these choices will make Seniors ’ choices more complex this year .
Hopefully , we will prepare you to make your choices for the coming year . We will be setting up enrollment events around the Greater Pittsburgh Region . The 4 take “ aways ” from speaking with us will include :
› Changes to Medicare Law ( Some provisions enacted earlier start affecting Seniors in the coming year .)
› Understanding the Medicare Part D Donut Hole ( My earlier seminars just brushed this topic . For many of you entering Medicare these PDP plans came with unexpected costs or may in the coming year .)
› Know WHERE to Get Help Information and resources are challenging to find . Managing drug copays can include getting help paying for Medicare premiums and drug copays .
› Know WHAT other types of insurance are now available . Includes Dental , Vision , Hearing , Hospital Indemnity , Cancer care . Many of these plans previously were not available to seniors .
To better understand and clarify your choices , please reach out to Elizabeth for a no-obligation review . Find out about all our enrollment events by visitingour website at tkstoday . net
TurnKey Services LLC ( TKS ) is located at 311 S . Central Avenue , Canonsburg , PA 15317 . Please call Elizabeth at ( C ) 412-639-5533 or ( O ) 412-526-8450 . Email at info @ tkstoday . net
Elizabeth is happy to meet with you for a no-obligation review .
tkstoday . net facebook . com / TurnKeyIns linkedin . com / in / imeley
MOON TOWNSHIP | WINTER 2023 11