August 23, 2019
These plans are sold by private insurance companies like UnitedHealthcare, Humana, and Aetna. The Medicare Plan Finder has been a helpful way of compiling some of your options into one place so that you can more easily narrow down your selection.
Many agents use the Medicare Plan Finder tool on Medicare.gov to compare plans for clients to find the best options for the health insurance and prescription drug plans.
So you may be asking, what is CMS changing with the Medicare Plan Finder tool. The new Plan Finder process will now require a client to have an account on Medicare.gov to save their information.
There are several challenges with this process:
- Consumers typically start to examine plan options prior to being on Medicare. They will now only be able to save their searches with an account set up. The search also no longer is including total maximum out of pocket.
- Many seniors are either not able or willing to set up an account for security reasons or lack of literacy with computers. Need the assitance of an insurance professional.
- Now, for an agent to assist a consumer the consumer will need to give the agent their ID and password, which is less secure than the current process.
- Changes effective as of Open Enrollment 2019.
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VP of Marketing & Business Development