Many people are faced with tough decisions regarding their health insurance plans this time of year. The majority of employer group plans renew on January 1st. However, the individual marketplaces — whether federal or state — renew during this open enrollment period as well. Medicare plans operate on a slightly different schedule and conduct their Annual Election Period from October 15th through December 7th with a coverage effective date of January 1st.
The Ten Eyck Group not only advises employer groups on their healthcare benefits throughout the year, but we are also happy to assist individuals with their Medicare Advantage or Medicare Supplement decisions as well.
If you are approaching or have reached age 65, there is not a doubt that you have been receiving an overwhelming amount of mail regarding Medicare and Medicare Advantage. In this day in age, many people that are reaching the age of 65 are still employed and have questions on how to proceed with their benefits. Whether it is a question about enrolling in Medicare and to which parts, deciding whether or not to remain on company-sponsored coverage or selecting an individual Medicare Advantage or Supplement plan, the decision can be a difficult and confusing one to make if you are not familiar with Medicare and the guidelines set forth. The right time for Medicare enrollment depends on your circumstances. If you don't enroll in Medicare at the right time for you and try to enroll later, you risk permanent Medicare late penalties and a delay in your coverage.
The Ten Eyck Group can help you navigate the ins and outs of Medicare and assist you in making an informed decision on a plan that best fits your needs and lifestyle. We have dozens of plan options through multiple carriers, some that even have a $0 premium! Our carriers include but are not limited to, BlueShield of Northeastern NY, CDPHP, MVP Healthcare, and United Healthcare/AARP.
Let the experts help you with your decision. Give the Ten Eyck Group a call today at (518) 464-0059! We look forward to speaking with you.