Upon enrolling in Medicare during your Initial Enrollment Period, you’ll be given a choice between Original Medicare (Parts A and B) or a Medicare Advantage plan (Part C), consolidating these coverages. Part D (prescription drug) coverage can be added to either option.
It’s important to note that your initial choices aren’t permanent. Medicare provides opportunities for plan changes based on individual circumstances.
Allows beneficiaries to review and adjust their plan selections yearly. Taking place between October 15th and December 7th, this period provides for changes to Part C (Advantage) or Part D (prescription) plans.
During this timeframe, you can:
The Medicare open enrollment period is from October 15th to December 7th every year. This is the time when people with Medicare can make changes to their health plans, like switching to a different plan or adding prescription drug coverage.
Medicare Advantage Open Enrollment offers a chance for reconsideration of your Medicare Advantage Plan choices from January 1st to March 31st.
This period allows adjustments such as:
While switching back to Original Medicare from a Medicare Advantage plan is possible, securing a Medigap plan might not be guaranteed. It’s important to note that carriers can decline enrollment based on their screening processes.
Under specific circumstances, such as relocation or the termination of coverage, you may become eligible for a Special Enrollment Period lasting two months. Within this window, adjustments to your Medicare plan(s) can be made.
For instance, moving to a different geographic location where your current plan’s network isn’t accessible might trigger eligibility for a Special Enrollment Period.
During this designated time frame, you can switch to a different Medicare Advantage or Part D plan or revert to Original Medicare without facing any penalties. Additionally, under certain conditions, you may have the opportunity to enroll in a Medigap plan without undergoing medical underwriting, a process known as guaranteed issue rights.
Should you suspect that you qualify for a Special Enrollment Period, it’s advisable to promptly reach out to your plan administrator following the qualifying event. We are available to assist you through this process.
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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
