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Medicare Changes Coming During Annual Enrollment Period

Craig Kirscht • Nov 07, 2023

Each year, just prior to the Annual Enrollment Period (October 15 through December 7th), each insurance company we represent, makes changes to their plans. It may be small changes to premiums, copays or additional benefits or drug formulary changes, or it may be huge changes such as a plan leaving a certain area or a brand new plan that is coming into a specific market.



Medicare is an ever-evolving industry. And recent years have been more challenging than in the past. As if Medicare isn’t complicated enough, the governing body of Medicare, CMS (Centers for Medicare and Medicaid Services), each year seems to decide to make it even more difficult for agents to do their jobs and for clients to understand their plan choices and the changes made to their plan. 



Each year, just prior to the Annual Enrollment Period (October 15 through December 7th), each insurance company we represent, makes changes to their plans. It may be small changes to premiums, copays or additional benefits or drug formulary changes, or it may be huge changes such as a plan leaving a certain area or a brand new plan that is coming into a specific market. As your dedicated agent, we try to keep you well informed when these type of changes are coming, so you can know that you are OK to stay with your current plan or it may be time to call me to see if there is a better plan to meet your needs.



For those of you on an Advantage plan, each year just before the Annual Enrollment Period, you should receive the Annual Notice of Change (ANOC). The great thing about this document is it DOES outline what has changed with your current plan for the coming year. The bad thing about the ANOC is that it ONLY addresses the changes coming up for YOUR current plan, not all the other plans available in your area. That is why it is very important for you to be sure to read your monthly newsletter from me, so you can know what to expect.

There are several potential changes that seem to be likely this year, but we cannot provide details until October 1st, per CMS rules. Just know that no matter what changes come about, we are here to help you make well-informed decisions so that you have the most appropriate plan(s) for the upcoming year.

Keep an eye out for additional newsletter articles and emails or links that we may send to you. We are finding that it is easier to provide you information or gather information from you, by sending you videos to watch or fillable documents you can complete and submit to provide us vital information. I know that some of you don’t have access to a computer, but know that you can view the videos or fill out the forms on your phone is you have an iPhone or other smart phone. And if you do not have a smart phone, we are just a phone call or text away. Change is usually daunting and unwelcome, but it is inevitable. Please rely on myself and our staff to make sure that you are well covered for whatever “changes” come this fall. You can reach me at (720)375-5479. If I am unavailable, please leave a very specific and detailed message, or email me your concerns, and I will get back to you as soon as I possibly can.

By Craig Kirscht 07 May, 2024
The Kirscht Insurance Agency is dedicated to raising awareness about the challenges seniors face, including the often overlooked risks of social isolation. Our goal is to inform and empower our community to better support the elderly, ensuring their health and well-being. The Difference Between Social Isolation and Loneliness It's crucial to distinguish between social isolation and loneliness when discussing senior health. Social isolation refers to the objective lack of social connections and regular interactions, whereas loneliness is the subjective, distressing feeling of being alone. Importantly, one can be isolated without feeling lonely, and conversely, feel lonely even in a crowd if the emotional connections are lacking. The Health Risks of Isolation and Loneliness Physical Health Concerns Social isolation and prolonged loneliness can significantly impact physical health. Research has shown that isolated seniors have a heightened risk of developing severe conditions such as heart disease and stroke. For instance, isolated individuals face a 29% increased risk of heart disease and a 32% higher likelihood of stroke. The biological response to prolonged loneliness can trigger inflammation, contributing to these and other chronic conditions. Psychological Effects: Depression The psychological impact of loneliness can be equally debilitating. Seniors experiencing social isolation are at a higher risk of depression, which in turn can lead to further withdrawal from social interactions. This creates a vicious cycle, where depression intensifies feelings of loneliness, further isolating the individual. Cognitive Decline Social interactions play a crucial role in maintaining cognitive health. Engaging in meaningful conversations stimulates various cognitive functions, including memory and focus. Without regular social contact, seniors are at an increased risk of cognitive decline, including conditions like Alzheimer's and other forms of dementia. Increased Mortality Risk Isolation not only affects quality of life but also longevity. Studies have linked social isolation to an increased mortality risk, exacerbated by the physical and cognitive declines associated with it. Moreover, isolated seniors may face difficulties accessing medical care, which can delay treatment for critical conditions. Strategies to Combat Social Isolation Combatting social isolation involves proactive efforts to enhance social interactions. Encouraging regular contact with family and friends, whether through scheduled visits or technology like video chats, can make a significant difference. Additionally, community centers and senior clubs offer valuable opportunities for seniors to connect with peers and engage in social activities. How The Kirscht Insurance Agency Can Help  At The Kirscht Insurance Agency, we understand the profound impact social isolation can have on seniors. We are here to support and provide resources for families navigating these challenges. If you or a loved one are facing issues related to social isolation or loneliness, we encourage you to contact us. Our team is committed to offering support and solutions to improve the health and well-being of seniors in our community.
By Craig Kirscht 15 Apr, 2024
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