HARTFORD, Conn.--(BUSINESS WIRE)-- Medicare’s Annual Enrollment Period (AEP) is winding down. But it’s not too late to evaluate your current plan to make sure your 2016 Medicare plan best meets your needs.
The Medicare AEP lasts until December 7. This is the time for Medicare beneficiaries, including those 65 and older and those with certain disabilities, to make changes to their Medicare coverage. It’s also a great opportunity to take stock of your current health needs, how they may have changed over the last year, and decide if you need to make adjustments to get the most out of your plan.
“It may seem like a daunting task to research Medicare plans," said Nancy Cocozza, president of Aetna Medicare. “But taking the time to explore your options will ensure that you will end up with a plan tailored to your health care needs and budget. It pays to consider your health conditions, the providers you use and the medication you take, and do your best to find a plan that fits you.”
According to Avalere Health, a private health care consulting firm, in 2016 the average Medicare Advantage premium will actually decline by one percent and 81 percent of MA beneficiaries will have a $0 premium option. In addition, beneficiaries in most states will still have 25 or more prescription drug plans to choose from in 2016.
“If you have a prescription drug plan, you may find that switching to a different plan and using a different pharmacy may save you money,” said Cocozza. “We encourage Medicare beneficiaries to carefully review their medication needs and compare their options, because they may pay less in premiums or out-of-pocket costs if they elect certain plans.”
Aetna’s advice for Medicare’s AEP
The Medicare AEP is the time to think about the year ahead and get the most out of your health benefits. Take a few minutes to ask yourself these three questions and follow these tips:
Three questions to ask yourself
Three tips for getting the most out of Medicare’s AEP
Aetna, a market leader in Medicare Advantage plans, designed its 2016 Medicare health and prescription drug plans to provide exceptional value to Medicare beneficiaries by offering a choice of affordable plans to help them achieve more healthy days while maximizing their savings.
Aetna Medicare Advantage or Medicare Advantage Prescription Drug Plans are offered in 32 states and Washington D.C. Aetna Prescription Drug Plans are available in all 50 states and Washington D.C.
Medicare beneficiaries can enroll in Aetna 2016 Medicare Advantage plans during the annual enrollment period, which began October 15, 2015 and ends December 7, 2015. These enrollments will be effective on January 1, 2016.
Complete plan details about Aetna’s 2016 Medicare offerings are available at www.aetnamedicare.com or by calling toll-free 1-888-247-1028 (TTY: 711). Hours are from 8 a.m. to 8 p.m., local time, seven days a week. Complete plan details about Coventry’s 2016 Medicare offerings are available at http://coventry-medicare.coventryhealthcare.com/ or by calling toll-free 1-877-988-3589 (TTY: 711). Hours are from 8 a.m. to 8 p.m., local time, seven days a week.
Aetna is one of the nation's leading diversified health care benefits companies, serving an estimated 46.5 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com and learn about how Aetna is helping to build a healthier world. @AetnaNews
Aetna Medicare is a PDP, HMO, PPO plan with a Medicare contract. Our SNPs also have contracts with State Medicaid programs. Enrollment in our plans depends on contract renewal. See Evidence of Coverage for a complete description of benefits, exclusions, limitations and conditions of coverage. Plan features and availability may vary by location.