Savvy Medicare Planning Seminar at Whittier Manor Detroit E
rica Hall Wealth Advisors is hosting a Savvy Medicare Planning Seminar at the Whittier Manor November 5, 2014. The event is set to coincide with Medicare open enrollment for 2015 Medicare Part C and D, which starts October 15th and ends December 7th. The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what they cost and cover. In addition, individual health-care needs may have changed over the past year. The open enrollment period is an opportunity to switch Medicare health and prescription drug plans to better suit your needs. Any changes made during open enrollment are effective as of January 1, 2015. The seminar will address everything you need to know about Medicare plans, such as • How you will be affected by the changes to Medicare Plans in 2015 • The Medicare cost increases for 2015 • Why you should be aware of the gap in coverage (also called the “donut hole”) • How to choose and get the most out of your Medicare Advantage, Medigap and Medicare Part D Plans
At the seminar, individuals will find helpful answers to frequently asked questions during this open enrollment period, such as how to: • Join a Medicare Prescription Drug (Part D) Plan • Switch from one Part D plan to another Part D plan • Drop your Part D coverage altogether • Switch from Original Medicare to a Medicare Advantage Plan • Switch from a Medicare Advantage Plan to Original Medicare • Change from one Medicare Advantage Plan to a different Medicare Advantage Plan • Change from a Medicare Advantage Plan that offers prescription drug coverage to a Medicare Advantage Plan that doesn’t offer prescription drug coverage • Switch from a Medicare Advantage Plan that doesn’t offer prescription drug coverage to a Medicare Advantage Plan that does offer prescription drug coverage Open enrollment period is the time to determine whether your current plan will cover your treatment and what your potential out-of-pocket costs may be. If your current plan doesn’t meet your health-care needs or fit within your budget, you can switch to a plan that may work better for you.
What should you do to prepare? Now is a good time to review your current Medicare plan. As part of the evaluation, you may want to consider several factors. For instance, are you satisfied with the coverage and level of care you’re receiving with your current plan? Are your premium costs or out-of-pocket expenses too high? Has your health changed, or do you anticipate needing medical care or treatment?
Erica Hall Wealth Advisors will be conducting this informational seminar entitled Savvy Medicare Planning, at Whittier Manor, 415 Burns, Detroit, MI 48214, November 5, 2014 from 1 p.m. to 3 p.m. People interested in attending should call 313-393-8800 to reserve a seat. For more information contact: Erica@ehwealthadvisors.com
Medicare 2014 Annual Enrollment October 15 through December 7 Paul Bridgewater President & CEO
Detroit Area Agency on Aging educates, advocates, and promotes healthy aging to enable people to make choices about home and community-based services and long term care that their quality of life.
MMAP is a free service that helps beneficiaries to navigate through the Medicare and Medicaid Systems. MMAP Counselors compare plans, verifies eligibility to receive help with the cost of prescriptions or Medicare Part B premium and provide information on enrollment options
CALL 1-800-803-7174 For A Counsleor To Help You Locate an Open Enrollment Location or Schedule an Appointment Dates and Times are Available on Our Website at
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1333 Brewery Park Blvd. Suite 200, Detroit, Michigan 48207-4544| phone 313.396.5661 | fax 313.396.5661 10 SENIORcare • 2014