November Medicare Must-Knows

Every month, our advisors give you a report on the latest updates in the Medicare industry and explain how your health coverage may be impacted. This month, you can read about Medicare Annual Enrollment, COVID-19 coverage and treatments, and more!

Medicare Annual Enrollment Continues Through Dec. 7

You can still shop and compare your 2022 Medicare plan options during Annual Enrollment, but only until Dec. 7! During the Annual Enrollment Period, you can make changes to your Medicare plan for the coming year.

If you’re new to Medicare and eligible to enroll, you can use this period to choose a plan and sign up for the first time. Our advisors will help you review your plan options to find what meets your needs. If you’re already on a Medicare plan, you can switch to a new plan or add to your existing coverage during Annual Enrollment. If you’re happy with your current coverage, you don’t need to take any action.

CMS Guides States on COVID-19 Coverage Requirements

In late October, the Centers for Medicare and Medicaid Services (CMS) issued guidance to states on covering the COVID-19 vaccine and related treatments. This ensures that 144 million individuals enrolled in Medicare, Medicaid, and Children’s Health Insurance Program (CHIP) have access to COVID-19 treatments.

This coverage includes care for conditions that could complicate the treatment of certain COVID-19 patients. In their statement, CMS also encouraged private health plans to ensure consumers have coverage for COVID-19 treatment.

COVID-19 Booster Shots

Medicare and Medicaid will cover COVID-19 booster shots at no cost to you. When you get your booster shot, you can choose to get the same vaccine you originally received or choose a different one.

Medicare still covers the COVID-19 vaccine in full.

“Medicare & You” Handbook Available in Chinese, Korean, & Vietnamese

CMS also announced recently that their “Medicare & You” handbook is available in three additional languages: Chinese, Korean, and Vietnamese. This handbook provides important information on Medicare enrollment, program benefits, coverage options, and rights.

Asian Americans currently represent the fourth largest demographic enrolled in Medicare. According to the CMS Administrator, “Expanding the development of culturally appropriate, understandable materials in multiple languages is an important step toward health equity.”

Medicare Guidance in Ohio, Kentucky, & Indiana

Our advisors are here to help you during Medicare Annual Enrollment and beyond. Reach out to us with any Medicare-related questions. If you’re new to Medicare and want to compare your plan options before the Dec. 7 deadline, schedule a call with us to get started.

If you’re a client of RetireMEDiQ, you can call 1-877-222-1942 or email [email protected] to reach your client advisors.

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