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Should I Change My Medicare Coverage During 2022 Open Enrollment?

Medicare’s Open Enrollment Period begins on October 15, and you may be asking, “Should I Change My Medicare Coverage During 2022 Open Enrollment?” Hopefully our provided flowchart below will help.

Now is the ideal time to evaluate whether this is the year to change your coverage. Perhaps you’re:

  • Wanting a plan with different services that it covers.
  • Requiring access to specific hospitals, doctors, or prescriptions that aren’t covered under your current plan.
  • Needing more convenience, higher quality, or a plan that will cover you while you’re traveling.

Making this decision is anything but simple. To help you through the process, we’ve attached a helpful flowchart here:

Should I Change My Medicare Coverage During Open Enrollment? 

It covers considerations that can influence your decision, such as changes in health care needs, costs of premiums and deductibles, and the effective dates of any changes.

As your financial advisors, we’re ready to help you navigate the Medicare landscape. If you’d like to schedule some time with us to go through the flowchart together or to ask other questions you may have, we would be glad to help.

 

 

Financial Synergies

Financial Synergies Wealth Advisors is a fee-only Financial Advisor and Wealth Management firm located in Houston, Texas. For more than thirty-five years we’ve been serving the financial needs of individuals, families, and businesses from around the world. Our primary goal is to Simplify Your Financial Life. Our Certified Financial Planner™ professionals and advisors combine holistic financial planning and investment management to deliver Total Wealth Management for our clients.

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