Breaking Down Medicare Prior to Annual Enrollment

There are several companies out there selling health insurance. However, the agents at Preferred Insurance Group have the expertise and knowledge to help you find a plan designed to meet your particular needs and budget.

Louisville, CA (prHWY.com) July 26, 2012 - Louisville, Kentucky - The Medicare Annual Enrollment period is fast approaching. Enrollment runs from October 15 to December 7 this year. Annual Enrollment is the time during which senior citizens become eligible for Medicare products or, if previously enrolled, can select different products. Medicare is not limited to one traditional plan. There are a dizzying array of coverage options, and for this reason, it is wise to enter the shopping process armed with background knowledge on each product. The team at Preferred Insurance Group, a leading provider of Kentucky insurance, discusses some of the issues that have raised questions among senior citizens:

* Medicare Part D costs - Prescription drug coverage is essential for many plan holders, as the cost of brand name and even generic medication continues to climb. Medicare Part D is a stand-alone prescription drug plan offering a certain degree of coverage. The cost of the program varies according to each enrollee's circumstances including the prescriptions used, whether or not the prescriptions are covered under the plan and whether or not they are covered on the plan's formulary, which plan is selected and the pharmacy used.

* From brand name to generic drugs - Those reviewing Medicare Kentucky insurance are also curious to find out when the brand name drugs they are currently using are slated to be available in generic form, and when the generic version will be available on their Medicare Part D or Medicare Advantage plan. The answer to both questions depends on several factors and usually is not clear until the generic alternative is available on the market. Once a drug is available in generic form, it will be added to the formularies of those plans that are eligible.

* Staying within the designated network - Finding a physician who accepts Medicare can be tricky. This is one reason why it is important to work with a licensed health insurance agent when reviewing your Medicare Kentucky insurance options. Medicare is top rated coverage, yes, but a qualified agent can take a targeted look at the physicians in your local area who are accepting various Medicare plans.

* Is an HMO a wise choice? - In regard to Medicare specifically, a Health Maintenance Organization (HMO) plan can indeed offer advantages to Medicare Kentucky insurance enrollees. Due to the way they are designed to coordinate health care according to the regulations of the patient's selected health plan, HMOs typically provide a cohesive care delivery system and offer a strong support system for plan holders to manage chronic illnesses.

In-depth guidance for selecting the most suitable Medicare plan for your medical needs and budget is available. The team at Preferred Insurance Group can provide you with customized assistance. To begin the process, visitwww.PinsGroup.net to obtain free quotes via the agency's instant quote engine.

About Preferred Insurance Group

There are several companies out there selling health insurance. However, the agents at Preferred Insurance Group have the expertise and knowledge to help you find a plan designed to meet your particular needs and budget. We offer a variety of insurance options, from Medicare to group health insurance, so you are sure to find the coverage you need

Contact: mark@med-link.net
2001 Lake Point Way
Louisville, KY 40223
Phone
877-334-1597

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