Breaking Down Medicare Prior to Annual Enrollment

PicktheBestPlan.com is committed to providing consumers and business owners with the resources, information, tools and solutions they need to find the best available insurance plans on the market.

Dublin, OH (prHWY.com) July 26, 2012 - Dublin, Ohio - 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 atStrategic Business Services Agency, a leading provider of Humana health insurance plans, discusses some of the issues that have raised questions among senior citizens:

* 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 health insurance plans 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 health insurance plans 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.

* From brand name to generic drugs - Those reviewing Medicare health insurance plans 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.

* 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.

In-depth guidance for selecting the most suitable Medicare plan for your medical needs and budget is available. The team at Strategic Business Services Agency can provide you with customized assistance. To begin the process, visit www.PickTheBestPlan.com to obtain free quotes via the agency's instant quote engine.

About PicktheBestPlan.com

PicktheBestPlan.com is committed to providing consumers and business owners with the resources, information, tools and solutions they need to find the best available insurance plans on the market. Our team of highly trained, dedicated and fully licensed agents is ready and eager to help insurance shoppers navigate the insurance process to find the right policy for their coverage needs and budgets.

Contact:
425 Metro Place North, Suite 140
Dublin, OH 43017
Phone
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