Changes in Health Needs: Over the course of a year, your health needs may change. You might need more frequent doctor visits, new medications, or different treatments. Reviewing your plan ensures it covers these new needs.
Policy Changes: Insurance companies can change the terms of their policies, including premiums, coverage options, and network providers. An annual review helps you stay updated on these changes and avoid surprises.
Financial Adjustments: Your financial situation can change due to various factors like a new job, a raise, or other expenses. Reassessing your plan can help you find one that better fits your current budget.
Maximize Benefits: Many insurance plans offer wellness benefits, preventive care, and other perks that you might not be utilizing. An annual review can help you take full advantage of these benefits.
Evaluate Your Current Plan: Start by reviewing what your current plan covers. Look at the premiums, deductibles, co-pays, and out-of-pocket maximums. Make a note of what worked well and what didn’t over the past year.
Assess Your Health Needs: Consider any changes in your health. Have you started any new medications? Do you anticipate any surgeries or treatments? Make a list of your health care needs for the upcoming year.
Compare New Plans: During the open enrollment period, compare your current plan with other available options. Look at the coverage details, costs, and network of providers. Use online tools and resources provided by your insurance company to make this process easier.
Consult a Professional: If you’re unsure about what plan is best for you, consult with an insurance advisor. They can provide expert guidance and help you understand the fine print.
Make Necessary Changes: Once you’ve done your research, make any necessary changes to your plan. This could mean switching to a different plan or adjusting your current coverage.
By taking the time to review your health insurance plan annually, you can ensure that you have the right coverage to meet your health needs and financial situation.
Main Line - (480) 681-6110
George Hester - (480) 681-6111
Geoffrey Hester - (480) 681-6112