SOMA Living January 2023

MEDICARE

MEDICARE ADVANTAGE OPEN ENROLLMENT PERIOD (OEP)

January 1st through March 31st is Medicare Advantage OEP. In the event that you change your mind about a Medicare Advantage Plan for any reason, the Medicare Advantage OEP gives you the opportunity to make changes. During this time you can: • Switch from one Medicare Advantage plan to another • Drop Medicare Advantage and return to Original Medicare (Parts A and B) Yes, you can drop a Medicare Advantage plan and return to Original Medicare, but don’t count on a Supplement aka Medigap plan if that is your intention. Remember that carriers will screen you and can choose not to enroll you. You may get a preferred rate, an adjustment to a higher rate or a declination. Reasons to consider a change in Medicare Advantage plans: • Doctor(s) no longer accepts your plan • More robust benefits, i.e. lower co-pays, Over-the-Counter card, transportation, higher dental, vision, hearing allowance, fitness programs • Prescriptions no longer in the formulary, better pricing • Better customer service Choosing a Medicare Advantage Plan With so many options, choosing a Medicare Advantage plan is overwhelming. Fortunately, there is a solution. Insurance professionals (like me) dedicate themselves to learning all the options available and can guide you toward the best plan(s) for your needs. As an independent broker, I work for you and not the health insurance provider, so I can give you an unbiased recommendation. • Add a Part D prescription plan • Drop a Part D prescription plan

ROBERT HUBSMITH, CLTC Financial Services Professional

I help my clients (at no cost to them) get the best Medicare insurance plan to fit their unique health care needs and at the best price. Navigating the Medicare system can be confus ing and overwhelming, whether you are currently enrolled in Medicare or are newly eligible, so let me answer your ques tions, create a knowledge-based foundation, analyze options and ultimately guide you to an informed decision.

www.RHMedicareFactor.com

(201) 704-7872 rhubsmith@thejgagency.com

We are excited to announce the merger of the CPA firms of Couto DeFranco, CPAs and Marco DeLuca, CPA.

Nelson Couto, CPA, CFP ® and Anthony DeFranco, CPA, CFP ® , MS (Taxation) — Partners; Couto DeFranco, P.A.

Marco DeLuca, CPA

Robert Hubsmith, CLTC PINNACLE FINANCIAL SERVICES www.TheRHMedicareFactor.com

Rob Hubsmith is a 26-year resident of Maplewood. I am licensed and trained independent insurance agent with over 30 years in the financial services industry. I am certified with many top Medicare Advantage, Prescription Drug and Medicare Supplement insurance plan carriers. I represent most major companies with a Medicare contract and am qualified to answer any questions you may have.

Offices in West Orange & Maplewood

JANUARY 2023 | SOMA LIVING 17

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