Doing Nothing Isn’t Quite Right
Even if you simply wanted to keep the same plan, you still want to intentionally renew. Why? Because you want to make sure that you are getting the correct premium.
The plan’s premium may have changed, even if everything about you has remained the same.
You’re a year older, time has marched on.
Your income may have changed.
You stopped receiving unemployment benefits from your state.
New carriers and plans in your area may mean that more suitable options exist.
To frequent readers, this isn’t going to be a surprise: the moving parts involved in financial contracts, uh, move. This Substack is to inform you that you may not be considering the fact that there are many components that affect your price (of anything), that you do not understand, or those that are not explained in a 3-minute YouTube video.
The Much More Than Medicare YouTube Channel explains many of the moving parts, there is an entire playlist called Health Insurance on the channel.