We got a little excited last week when we did our first Travel Insurance policy in about a year. It means that we are moving beyond COVID-19 and travel restrictions. We did a lot in 2019 as they filled in Gaps of people with narrow network plans and expect the same for 2021. We answer the question of tight networks for health insurance during this episode of Suzilla. We can be found on most Podcast platforms.
If you have healthcare then you have to be aware of your network. Will your plan cover you in the next county, next state or outside of the country? How do you fill in the gaps? We have been doing that for the last 8 years (7 for Suzie). We have been using some low cost supplemental plans to cover high deductibles for years.
Who makes these network decisions and drives up costs? We get into some of the mechanics of cost. What roll does your provider play in cost?
As the Wenatchee Enrollment Center, we have been working on Health Insurance, Medicare, and travel insurance for a couple of years. We wrote our first travel policy in almost a year last week so we know that there is going to be a demand to cover narrow networks in 2021.
How does we know that big changes is coming to Medicare for 2025 without talking about insurance plan details? Well it is real simple, the Inflation Reduction Act put in some very positive changes that impact Prescriptions in a big way. 1. Insulin at $35/month (already started). 2. vaccine access (already started). 3. Expansion of low income subsidy (already started). 4. $2000 yearly out of pocket max of prescription drug cost 2025. 5. Medicare Prescription Payment plan starts in 2025. 6. Manufacturer discount program starts in 2025. 7. In 2026 we will see the first 10 negotiated drug prices. These impact every Medicare Prescription Plan including Medicare Advantage plans that have prescriptions! Yes, large insurance companies have been predicting 50% of people using Medicare with prescriptions will switch plans this year. The Medicare Annual Enrollment Period runs from October 15th through December 7th. Set your appointments early for Suzie . While we can not discuss Medicare ...

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