A Second Chance for Medicare Enrollment Arrives January 1

Hopefully, you took advantage of Medicare’s Annual Election Period from October 15 through December 7, and you’re now enrolled in a Medicare plan (or plans) that work just right for your needs. But some of you might have forgotten about Medicare AEP, or maybe you’ve just realized that the plan you chose just doesn’t suit you. We have good news: If you’re enrolled in a Medicare Advantage plan, you do have a second chance to make changes during Medicare Advantage Open Enrollment from January 1 through March 31.

Here’s what you can do during Medicare Advantage Open Enrollment:

• If you’re enrolled in any Advantage plan, you can compare it with other Advantage plans offered in your area; then you can switch plans if you decide another is better geared toward your needs
• If you’re enrolled in any Advantage plan but prefer Original Medicare (Medicare Parts A and B) you can drop your Advantage plan and return to Original Medicare
• If you do drop your Advantage plan and return to Original Medicare, you can add a Part D (prescription) plan

Unfortunately, there is one thing you cannot do during Medicare Advantage Open Enrollment. Those of you already enrolled in Original Medicare cannot switch to an Advantage plan at this time.

If you do feel dissatisfied with your Medicare plan at any time, do call us to discuss your concerns. Sometimes we can help you learn more about your plan and how to best use it to your advantage, so that it works better for you. Or, we can investigate whether you might qualify for a Special Enrollment Period outside of Medicare AEP and Medicare Advantage Open Enrollment. If you experience certain qualifying life events, you will be allowed a Special Enrollment Period so that you can compare other plans and opt into a new one.

Remember, the Medicare Advantage Open Enrollment Period runs from January 1 to March 31. If you’re enrolled in an Advantage plan already, you can utilize this time to research your options and change your plan if necessary. You’re always entitled to free guidance, so give us a call and we’ll get started together.