Medicare Special Needs Plans, also called SNP’s, are similar to Medicare Advantage plans, however they are only open to people with specific diseases or certain characteristics. Medicare SNP’s tailor their benefits, provider choices and drug formularies to best meet the distinct needs of the groups they serve so that these plans can better serve those with unique needs.
When was the last time you reviewed your insurance policy? If you have not done so recently then it would be beneficial to you to add that to the top of your “to do” list. You may have experienced some major life events since the policy was issued that you need to account for and your policy should be adjusted accordingly. Even if you haven’t had any major life changes your financial goals may have shifted. Failing to examine your old policy over time could mean that your family will not have enough money to pay the mortgage or the bills in the event of your death.