As you may know, the Annual Election Period began on October 15. So what does this mean for you? Most likely that there were changes made to your current plan for the upcoming year. Have you reviewed the changes?
It is important that you know that there could be some changes being made to your current plan for the upcoming year.A thorough understanding of how your plan works and any new developments to it can save you a lot of trouble in the long run.
Before you decide whether or not to stick with your current plan, you will want to review it carefully to see if there will be any important changes being made. Some very common changes to plans for the upcoming year may include revisions to the prescription drug formulary, plan costs (such a premiums, co-pays and deductibles) and cost sharing.
Plans may also change their network coverage from year to year so you will want to make sure that your primary care physician is still included in your plan's network.
If you live in a rural area it will be particularly important to check the provider network to ensure that there will be a wide range of Specialists in your general vicinity.
You will want to do this whether you decide you are going to switch to a new plan or not.
If you find that provider networks in your area are lacking for 2019 you may want to consider switching to a Private Fee For Service (PFFS) plan or to a PPO plan.