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Our Community Focus

Open Enrollment is on the Way

Sep 01, 2018 10:44AM ● By Colleen Callahan

Colleen Callahan

August was a month of training in anticipation of our busy season. The fourth quarter is a busy time for insurance agents, small businesses with health insurance plan renewing, and those on Medicare. New products are introduced for the coming year, and the education is important.

One class I attended focused on Social Security and the process for enrolling online for Medicare. Additionally, the presenter addressed various new types of fraud directed at those over age 65. We learned it is very important to create an account at “My Social Security.” Apparently, the criminals target people that have enrolled in Medicare but are not yet collecting Social Security because they have not reached their full retirement age. The bad guys have been able to access Social Security and initiate a benefit payout. The true owner of the account only learns of the theft when they receive a 1099 for tax purposes. By creating and regularly checking the online account, you can help avoid being the victim of such fraud.

On October 15, open enrollment will begin for Medicare Prescription Drug Plans. Now is the time to update your list of medications. Make sure you know the exact dose you are taking, the frequency or refills, and if you are taking the brand or generic form of the drug. You can compare plans on If you want to change plans, the new applications for 2019 must be submitted by December 7, 2018.

We send reminder letters to our clients so they are ready when the open enrollment period begins. If you are not pleased with your current plan or your list of medications has changed, please give me a call. I know we can help you.

Colleen Callahan, CLU, LUTCF

[email protected]