Starting Oct. 1, you will be able to view the benefits of other plans offered in your area. You may make plan changes from Oct. 15 – Dec. 7 for an effective start date of Jan. 1 of the following year.
You will generally have 3 options to select from:
Option 1: In most cases your current plan will simply roll into the next year’s plan. If you wish to keep your current plan, simply do nothing. However, to avoid unwanted and costly surprises, we suggest you speak with an informed senior specialist to ensure your best interests are met in the upcoming year. Contact us! We can help!
Option 2: Once you have reviewed your current plan as well as other plans offered in your area, you can change your Part D Prescription Drug plan or your Medicare Advantage plan. This process can seem overwhelming but we’re happy to walk you through the process step by step!
Option 3: You also have the opportunity to go back to Original Medicare and to a Stand Alone Part D Prescription Drug plan. Acceptance into a Medicare Supplement plan may be based on medical underwriting and you could be denied. Once enrolled however, Medicare Supplements are guaranteed renewable…meaning you cannot be cancelled based on your health status. Medicare Supplement plans help to protect beneficiaries from long-term healthcare expenses.
Still have questions? We have the answers! Give us a quick call.