Are you currently enrolled in Medicare or you’re planning to get registered? In case you didn’t know, every Medicare coverage plans get changes at the end of the year. This means you only have about two months to either adjust your present coverage, join a new Medicare plan, or change your plan during this annual open enrollment period.
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If you’re not satisfied with your current plan, here are a few of the changes we’ll be seeing in the Medicare coverage plans in the new year:
1. Medicare will offer additional Telehealth coverage.
Also known as telemedicine, this is one of the trendy services in health care right now. It allows seniors to meet with their doctors at home without having to go to the hospital.
All you need to do is to schedule a call with your doctor, and you can have your check-ins there.
Even though this cannot compensate for physical check-ups, it is good news for seniors who need help with mobility or risk getting sick when outside their homes.
The medical services that Telehealth will now cover include:
• Primary care
• Cardiology
• Endocrinology
• Dermatology
• Gynecology
• Psychiatry
Check if your current Medicare plans will cover these services, especially if you need them. If they don’t, this is the best time to get enrolled in a new plan.
2. Medicare will now cover Long-term care
Most seniors requiring the help of skilled services were not comfortable with the previous Medicare plans as these services only lasted for a maximum of 100 days.
However, all that is about to change. You’ll also get additional coverage for supplements which will cater to more senior needs.
You should know that the long-term care plans do not cater to seniors who require assisted living but only for those who live independently.
Examples of long-term care options that Medicare and Medicare Advantage plans will now offer include:
• Transportation services such as Uber ad Lyft for doctor’s appointments
• Home health aides
• In-home modifications such as stair rails, grab chairs, and wheelchair ramps
Check out the plans offering these services and change to these plans now if you need any of these services.
3. Seniors with End-stage renal disease (ESRD) are given more Medicare options
Seniors with the end-stage renal disease only had a few Medicare plans catering for their needs, and most of these plans had them spending a huge fortune from their pockets.
However, with the newly revised plans, you get a massive discount on the out-of-pocket expenses cap.
For example, old Medicare plans require you to spend about $15,000 from your pocket.
With the new Medicare Advantage plans, you are only spending about $7,000. This gives you a massive income boost, especially for seniors living on their means.
If you require any of these services, then you must check out these new Medicare plans and get a new plan during the open enrollment period as that is the only time of the year you can change your plan.
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