Changing Health Plans? Ask THESE Questions To Your Agent During AEP

With the 2019-2020 Annual Enrollment Period closing in, you should be hearing from your insurance agent. With this call, you might hear good news regarding your plan–lower prices or even more benefits. This call might also inform you of rising prices or even the opt-out of your favorite primary care physician. When you receive the call, these are the questions you should be asking your insurance agent to better understand your plan changes.

How Is Your Doctor Network?

With a new year comes new health plan changes. Behind the scenes, your health insurance company has been working with your local doctors and doctor’s offices to either expand or remove services. Certain physicians may choose to opt out of your network, meaning that you’ll need to find new doctors. Or, conversely, new physicians may move in, giving you more options for care. You’ll want to be aware of what’s happening so you can prepare. 

New Benefits

Health companies are constantly in competition. Because of this, your insurance company might have upped your benefits to try and keep you as a client. Ask your agent about the new benefits that interest you. Maybe it’s a certain amount of free rides to and from the doctor’s office or a reduced-price gym membership. It could even be a wider range of benefits that help with vision and dental. Knowing your benefit updates can help you make an informed selection of health care provider.

Changes In Premium

We all want to save money–especially when it comes to monthly premiums. With your current cost of a mortgage, utilities, food, & transportation, will a $25 rise in the premium set you back? How about a lower monthly premium of $25? If your insurance cost shifts up or down, will it leave a huge impact on your spending and saving habits?

Changes In Drug Plan

How is your plan’s drug formulary looking? If you have had serious changes in your health, there might be new medications you need in order to keep yourself in top form. Talk to your agent about the new formulary list which can give you insight on new drugs covered and how much they cost. Be sure to check the numbers and see if a pharmacy is close to you/convenient.

Since insurance is oftentimes overwhelmingly confusing, we want to shed light on this industry by answering YOUR questions.  If you have any questions, comment below and your question may be the topic of our next post!

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