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Trout Insurance Blog

​Medicare Plan Annual Notice of Change: What to Look For

9/27/2021

2 Comments

 
Highlights: For Our Medicare Clients with Stand Alone Medicare RX plans or Medicare Advantage plans. 
  • Look for your ANOC (Annual Notice of Change) by Sept 30
  • Review your medications - Has anything changed during 2020? Have you added a new expensive brand name RX? If so - let us know.
  • Only take a couple of low cost generics? - New lower premium options for 2021.
  • Have your doctors changed? Or have you changed address to a different county? If so - you may need to change your plan.
  • Many Companies offer Extra Value Benefits - Gym membership, Vision, Dental, Hearing Aids and More

For help - Call your Trout Insurance Agent. Main line: 828.279.4681
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​Over the next few months, you’re probably going to receive a lot of information about Medicare. It’s all meant to help you understand your coverage choices and make informed decisions during the Medicare Annual Enrollment Period (Oct. 15 – Dec. 7). There is one piece of Medicare mail, though, that you want to be sure to read. It’s called the Annual Notice of Change, or ANOC for short, and it comes from your current Medicare plan provider. Delivered by September 30, ANOC letters ensure that plan members have up-to-date plan information before the Medicare Annual Enrollment Period begins.

Your Medicare Advantage or Medicare Part D prescription drug plan ANOC provides important information. It can help you decide whether to keep your current plan or look for a new one during the Annual Enrollment Period. Here’s what to look for when you get your ANOC, along with questions to help you understand plan changes and what they may mean for you.

Coverage changes:
  • What new benefits have been added to your plan?
  • Are there other changes that affect services you use?
  • Have there been any changes in your health that may affect what services you may need or how often you may need them?
  • If your health has changed, will your plan benefits cover the additional care you may need?
​
Provider network changes:
  • What providers have been added to or removed from the plan network?
  • Are your current doctors in the network?
  • What about hospitals or other providers or specialists you may need?
  • If your providers are not in the network, are you willing to switch to other providers that are?

Drug list and pharmacy network changes:
  • What medications have been added to or removed from the plan’s covered drug list (formulary)?
  • Are the drugs you currently take listed on the formulary?
  • Have any of your medications been assigned to a different tier on the formulary? (This may affect your cost.)
  • Is your pharmacy in the plan’s network? Is it a “preferred pharmacy” that offers the plan’s best pricing?

Cost changes:
  • Is the plan premium going up, going down or staying the same?
  • Are any other costs changing, such as deductibles, co-pays, co-insurance?
  • If you have a Medicare Advantage plan, what is your maximum out-of-pocket limit?
  • How will cost changes affect your total out-of-pocket spending for the services and prescription​ drugs you may need?

Check with your plan if you are unclear about anything in the ANOC or if you did not receive an ANOC letter. You can call the customer service number on the back of your member card. Your Medicare plan details may change every year.

Medicare Advantage plans and Medicare prescription drug plans are offered by private insurance  companies under contract with Medicare. Each year, they review their plan details each year and make changes as needed to better serve plan members. Take time to Review your Plan. You don’t want to be caught off guard by higher costs or coverage changes after January 1. And whatever your decision may be—to stay with your current plan or to explore other Medicare coverage options—you want to make it based on the facts.
2 Comments
medicare providers in pennsylvania link
10/6/2021 07:56:48 pm

Very interesting and thanks for sharing such a good blog. Your article is so convincing that I never stop myself from saying something about it. You’re doing a great job. Keep it up.

Reply
Eli Richardson link
12/9/2022 02:39:34 pm

It's great that you explained the importance of understanding your Medicare coverage and its yearly changes. My parents want to know more about Medicare plans since they're enrolling in a few months, and I believe your article will be helpful for them, so I'll email it now. Thanks for the advice on how your Medicare plan could change its benefits that affect your healthcare needs.

Reply



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Weaverville, NC 28787  
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  • Insurance
    • Home & Auto Insurance
    • Medicare
    • Income Protection >
      • Disability Insurance
      • Long-Term Care
      • Critical Illness
      • Annuities
    • AARP - Hartford
    • Life Insurance
    • Health Insurance
    • Dental, Vision, Accident >
      • Cigna Dental, Vision, & Hearing
    • Employee Benefits
    • Business Owners >
      • Group Health Insurance
      • Commercial Property & Liability
      • Business Overhead Expense Disability
      • Disability for Business Owners
      • Critical Illness
    • Short Term Health
  • Trout Team
    • Our Story
    • Dave Trout
    • Jessica Cody >
      • Home & Auto Insurance
    • Jeremy Sheridan
    • Robert Pugh
    • David Hanson
    • Jennifer Trout
    • Idelle Davids
    • Jan Trout
    • Steve Dillingham
  • Resources
    • Employee Success
    • Fixing the ACA "Family Glitch"
    • Aetna/CVS Health NC
    • Client Center
    • Reviews
    • Blog
    • Articles >
      • Health Insurance 2022
      • Friday Health
      • Comparing 2022 Plans
      • Insurance Partners
      • Best Value Insurance Plans
      • ARP Facts CMS
      • ARP Unemployment
      • ARP 2020 Excess Premium Subsidy
      • No Income Cap
      • Unemployment Glitch
      • Asheville Homesharing
      • 2019 Verification-a
      • BCBS Online Setup
      • APTC Income 2023 & Tax Form 1040
      • Lost Subsidy
      • Privacy Policy
  • Community
    • Alignment Town Hall
    • Employer Networking w/ Just Economics
    • FALLing with Families
    • Medicare New Era Event October 13th
    • Blue Ridge Pride Festival
    • Health & Wellness Fair
    • Goombay & YMI
    • Alignment Health Plans
    • YMI Winter Coat Drive
    • Medicare Seminar
    • Art in Autumn + MANNA
    • Music on Main
    • Western Women's Business Center Conference
    • Mural on Main Street
    • Expanded Team- Next Generation
    • Back to School
    • Weaverology
    • Mother Earth Food
  • Contact Us