Medicare Open Enrollment Ends Tomorrow — Here’s why you should review your 2022 coverage if you haven’t already

Medicare 2022 Part B Premium Adjustments

The clock is ticking…on Medicare Open Enrollment that is! Tomorrow is the last day of the program’s open enrollment period, which opened back in October. While it’s not necessary for you to take action (your 2021 plan generally renews for next year) — in which case you’ve probably heard from us a few times letting you know about your coverage. We can help you determine whether your current coverage remains your best option!

If you’re not sure about what your coverage entails, give us a call. We can go over all of your options. What we don’t want to have happened is for you to think you’re happy with your current coverage and then in January realize the plan may have changed now it’s impacting your out-of-pocket costs.

This open window is usually for adding or changing coverage related to an Advantage Plan or prescription drugs (Part D). If you make changes before the window closes, you can switch, add, or drop those parts of your coverage, and the changes go into effect on January 1st, 2022.

The standard part B premium will be $170.10 in 2022, up from $148.50 this year. (See chart below). The average monthly premium for Advantage plans will be $19 next year, down from $21.22 in 2021.Medicare 2022 Part B premium adjustments

Questions? Want to make changes or simply have us check your plan and see what options are? Give us a call — our agents are ready and waiting to help!

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