Medicare Open Enrollment Period
Medicare enrolment period is the period that Medicare gives a slot to enable seniors to sign up for their plans. This is done in several ways. For instance, it’s the time that one can choose to switch to a different Medicare plan, revert to the Original Medicare Plan, or even sign up for Part D drug prescription plan. It’s worth noting that if you drop the Medicare Advantage plan and you have the drug plan, then you will also lose the drug coverage.
During the Medicare Open Enrollment Period, one is also not allowed to switch from Original Medicare to a Medicare advantage plan, join a Medicare Part D Prescription Drug plan if you are already enrolled in Original Medicare or switch from a Medicare Prescription plan to another one.
Beginning 2020, Medicare enrolment Period (MAOEP) begins on January 1st and ends on March 31st.
Are There Any Other Medicare Advantage Plan Enrollment Periods?
There are other options where you can enroll for Medicare advantage plans besides the Open Enrollment. There is the Annual Election Period that starts on October 15th and ends on December 7th. You can make all the changes just as how you would do in the Open enrolment period. Other additional options include switching to a different Part D drug prescription plan, change to a new Medicare Advantage plan or switch back to the Original Medicare.
Besides, you can as well make any changes to your Medicare Advantage plan during any other time of the year but be ready to lose on any benefits that were to be offered during the year. These same changes can also be made during the Annual Election Period, and with this in mind, it’s important to analyze a plan appropriately to ensure you got that which will meet your healthcare coverage.
How Do I Enroll in a New Plan During the Medicare Advantage Enrollment Periods?
Each plan has its process, and it’s, therefore, necessary to understand the type of plan you want to change to and its requirements. We are going to explain each of them to give an overview of what happens at any time you wish to enroll in a new plan.
Medicare Advantage Plans
Medicare Advantage Plans are easy to enroll for so long as you have attained the eligibility age of 65 years. Most seniors are not aware that there are no medical questions asked during the application process.
One can decide to visit the offices physically or sign up for the plan online or through the phone. It’s imperative to know the coverage of the plan you wish to enroll with because Medicare Advantage Plans are not standardized, and without a careful review, you may end up signing for a plan that does not meet your healthcare needs. This is to help you know the doctors that are covered within the network, the out of pocket price, and also the drug coverage plan.
Medicare Supplements Plans
Medicare Supplement Plans, as mentioned, cover those gaps that are not covered under original Medicare. They take a little longer when enrolling; for one, the agents will ask some questions relating to your health before any approval is passed. The process is well known as Medical underwriting and it is acceptable in many states.
Because of this delay in approval, we advise that you start the application early enough to give room for approval when the Medicare Advantage Enrollment Periods are taking place. The approval must also be within the enrollment period.
Getting back to Original Medicare, on the other hand, calls for one to be ready to pay huge on the out of pocket expenses, which may be an expensive affair.
The application process can be done either online, on the phone, or visiting the company in person to make hard copies application.
Medicare Part D Prescription Drug Plans
Medicare Part D drugs keep on changing; there is therefore a need for a senior who has the part D drug coverage to keep on reviewing the package in terms of the price, the type of medicines and those available pharmacies in your area. Others have the mail order option, which is an excellent service to subscribe to. However this , can only be achieved through continuous checks to know how to plan for the following year.
Part D plan application can also be made online, over the phone, or still visiting the carrier and signing hard copies from the office.
How Do I Know Which Plan I Should Sign Up For?
Making a final decision over the best plan to sign up for can be a tedious task, some people may not be able to differentiate all the plans, and get to know what value they add to their health.
You can use our site, which has resourceful information regarding all types of Medicare plans.
Our search tools will also help you to compare which plan is the best raging from the Medicare Advantage Plan to supplement plan and Medicare Part D drug coverage plans.
But it is also worth to note that any information given in this site do not substitute any medical information, The main aim of the information here is to help you make an informed decision, based on the reviews and not any medical-related advice. We, therefore, request that anything related to treatment to be channeled to the medical providers who will offer advice and prescription for your condition.
If you need any clarification regarding these plans and more on the enrollment, do not hesitate to call us, and our team of experts will be ready to talk to you.