Medicare Annual Enrollment
The Medicare Annual Enrollment Period happens every year from October 15th to December 7th for individuals 65 years of age or older. It is that time of year when you have the opportunity to change your Medicare coverage plan, the cost, the provider and even your pharmacy. You can switch from an Original Medicare plan to a Medicare Advantage plan, there are a variety of different options to choose from during the Annual Enrollment for Medicare Recipients. The most popular options are people selecting Medicare Advantage plans and Medicare Part D, which is a prescription drug plans. During the Medicare Annual Enrollment Period from October 15th to December 7th, anyone who is 65+ is eligible for a Medicare plan. You can also be under the age of 65 years old and still qualify for a Medicare plan if you are currently receiving Social Security Disability Insurance. Most people will receive Medicare Part A (hospital insurance) for free, but some may have to pay a premium for the coverage.
Q: Am I able to change my Medicare coverage outside of Annual Enrollment?
A: It depends you may qualify for the to adjust your coverage in the Special Enrollment Period.
Q: How Do I Become Eligible for a Medicare Advantage Plan or Medicare Supplement Plan?
A: In order to enroll in a Medicare Advantage plan or Medicare Supplement (Medigap) plan, you must be enrolled in both Medicare Part A and Part B.
Q: How much will it cost a year for a Medicare Advantage Plan or a Medicare Supplement Plan?
A: Every plan is different. With a variety of different carriers and plans, you have the opportunity to pick and choose what is right for you. There’s a plan for everyone.
Q: What if I’m happy with my current Medicare plan? Do I need to re-enroll?
A: No, you do not have to re-enroll. Just remember, you will have your Medicare plan for the next year and will not be able to make any changes, unless you qualify for Special Enrollment. Choose wisely.