{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"028: What You Need to Know When Picking Your Medicare Plan","description":"Medicare Open Enrollment \u2013 a term that may be very familiar to you and nearly everyone else, but especially to those who are already on Medicare and want to drop or switch plans. October 15th through December 7th of each year is the period known as open enrollment and allows individuals ample opportunity to investigate whether they can benefit from switching up their coverage. But Medicare is confusing, and there can be some caveats to switching or, unfortunately, in some instances, you may not be able to change at all. You would think that because it\u2019s a government program for virtually everyone, they would make it clear and easy to understand, but hey, we\u2019re talking about the government here, so it comes as no surprise that it\u2019s about as clear as mud. In this episode of A Place of Possibility\u2122, we\u2019ll be going through the nuts and bolts of Medicare so that you\u2019ll come away with a better understanding of how the program works and, most importantly, how to make the right decisions when it comes time to choose your coverage when you join or update it later on during this the open enrollment period. We will be talking about: The history and motivation behind the creation of Medicare How you qualify for Medicare An in-depth breakdown of the various Medicare options you\u2019ll choose from \u2014 Parts A, B, C, and D \u2014 including their pluses and minuses (Here\u2019s where you\u2019ll see why your choices matter so much) What Medigap coverage is and the options you\u2019ll have to base your premium on. We\u2019ll also make our recommendation The upside and downside of obtaining Medigap coverage through a broker Why you really DON\u2019T want to miss your enrollment period And more! Selecting Medicare coverage is a big decision. With it comes a variety of implications, including several potentially serious pitfalls that could keep you from getting the right coverage for your needs. Our goal with this episode is to help you get on the right path to an informed decision from the very beginning of the process. ","author_name":"A Place of Possibility","author_url":"https:\/\/aplaceofpossibility.com\/","html":"