Skip to main content

Time for a Plan Review

Oct 04, 2017 10:37AM ● Published by Colleen Callahan

Medicare Supplements, the Birthday Rule, and Prescription Drug Plans

By Colleen Callahan

Personal trainers remind us that our workouts must continue to evolve to improve our fitness. We cannot just keep doing the same thing over and over.  In the world of personal financial fitness, regular reviews are important too. In our office we conduct annual reviews for all of our clients.  That means we like to remind people of the value of the life, health or long-term care insurance they carefully purchased. Since needs change over time, this review is vital.

New clients are often surprised that Medicare Supplements should be reviewed.  The benefits have not changed, but the premiums have increased over time. As Californians, we are lucky to have a Medicare supplement “Birthday Rule.”

Did you know if you have Medigap insurance there is “open enrollment” each year during your birthday month? If you are not satisfied with your current Medicare Supplement for any reason, you may buy a new Medigap policy without a medical screening. In short, that means your current health would not prevent you from qualifying for a different plan.

The new policy must have the same or lesser benefits as the old policy. If you have had your Medicare Supplement for several years, it is worth conducting a review. There might be a policy that is more suited to your needs or one that is more competitively priced.

Open enrollment for Medicare Prescription Drug plans begins on October 15 and ends December 7. New plans start January 1, 2018. The Medicare.gov website offers a very helpful tool for comparing Part D plans in our area. We use the tool to research the best plans for our clients.  If you have had the same plan for several years, you are overdue for a review.

Colleen Callahan, CLU, CASL, LUTCF, 925-363-5433ccallahan@callahaninsurance.com


Health+Wellness, Home+Finance Colleen Callahan Insurance Medicare Supplement Review
  • Volunteer Gardening

    10/25/2017
    09:00AM — 12:00PM

    It takes a lot of effort to maintain six acres of lush garden space, and as a small, nonprofit or...


  • Music Appreciation and Discovery

    10/25/2017
    04:00PM — 06:00AM

    Music Appreciation and Discovery hosted at Up The Creek Records If you are a music fan, lookin...


  • LED KAAPANA + FRAN GUIDRY

    10/25/2017
    08:00PM — 10:00PM

    Led Kaapana's mastery of stringed instruments, particularly slack key guitar, and his extraordina...


  • Campus Tour

    10/27/2017
    08:45AM — 10:45AM

    Campus tours are a valuable way for prospective parents to learn more about our educational philo...


  • Campus Tour

    10/27/2017
    08:45AM — 10:45AM

    Campus tours are a valuable way for prospective parents to learn more about our educational philo...


  • Happy Hour & A Half

    10/27/2017
    04:30PM — 06:00PM

    Live music No cover charge Beverage discount Doors open 4:00


  • LEHCATS featuring Jeff Tamelier

    10/27/2017
    08:00PM — 10:00PM

    Norbert Stachel - saxes Jeff Tamelier - guitar Karen Stachel - flute Marc Van Wageningen - bas...


  • Isabella Manningham fears she is going mad under the influence of her mysterious and dashing new ...


  • Open HOuse and Train "sHOw" @ W.C.M.R.S.

    10/27/2017
    08:00PM — 10:00PM

    Join us this coming Friday night for our "Last Friday Night of the Month" train show and open hou...


 

 

 

October 2017

 

Oasis Veterinary Pet Adoption Connection

 

Loading Family Features Content Widget
Loading Family Features Article

 

Interested in advertising or becoming a community sponsor? Contact us at 925-335-6397 or email us at info@ourcommunityfocus.com