‘Tis the season for changes in your insurance – are you prepared?

Most insurance benefit packages and plans renew in January. Here are some tips that will make the transition into the New Year as easy as possible.

– Familiarize yourself with your benefits. Have there been any changes to your coverage like co-pays, deductibles, and covered providers? Even if there hasn’t been a change, it’s still a good time to refresh your knowledge of your plan and coverages.
– Notify your providers. Once you receive your new cards, present them to your healthcare offices so your insurance can be re-verified.
– Create a spreadsheet of all your important medical insurance information. Include information such as your monthly premium, annual deductible, co-pay, out-of-pocket expense limit and maximum coverage cap, along with any other insurance information important for your family. As your policy changes, make changes to the spreadsheet. Not only will this help track your policy changes, but it also consolidates all the information into one simple document.

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