In this FAQ video, Robert Bache explains your Medicare coverage options. Watch the video and discover the two Medicare options you can choose during your annual open enrollment.
Open Enrollment Period
Medicare Open Enrollment also called the Annual Election Period, occurs from October 15 through December 7. According to CMS, this is a period when “all people with Medicare can change their Medicare health plans and prescription drug coverage for the following year.” Why change your Medicare plan?
3 Reasons to Change your Medicare Plan
You may want to change your Medicare plan for the following reasons:
- The Medicare Plan is changing – coverage, costs, or service.
- You have health issues and want better coverage.
- You want a better plan now because you can medically qualify for it.
When you apply for a Medicare Supplement plan, you may need to qualify medically. Furthermore, a Supplement insurance company can deny you coverage. Moreover, you may need to pass medical underwriting whenever you change to a different Supplement insurance carrier or lettered plan.
When to change your Medicare Plan?
The best times to change your Medicare Supplement is when you are healthy enough to pass medical underwriting or qualify for guaranteed issue rights. Even if you do not need more comprehensive coverage now, it makes sense to change your Medicare Plan early. By applying now, you can avoid being denied during underwriting, especially when you do not have guaranteed issue rights. If you have a Medicare Advantage plan, when can you apply for a Supplement plan?
When can I switch from Medicare Advantage to Medigap?
You may be able to switch from Medicare Advantage to Medicare Supplement Plan once per year. During the Annual Election Period, you can disenroll from Medicare Advantage Plan and enroll in a Medigap Plan. Discover the best time to enroll in a Medicare Supplement.
When can I switch my Medicare Supplement Plan?
Anytime throughout the year, you may switch to a different supplement insurance company to save money. For example, you may switch to a different lettered supplement plan right now! You don’t have to wait for the Annual Election Period. Learn the facts about buying a Medicare Supplement Plan.
Your Medicare Coverage Options
The licensed agents at Senior Healthcare Direct are happy to help you choose the Medicare Plan that best suits your needs. Our agents can compare plan prices with many carriers, so you get the best Medicare Supplement price. Moreover, our agents can suggest insurance carriers who accept your health conditions so your application gets approved. Call us at 1-855-368-4717 or get your quote.
Last Updated on May 28, 2021 by Brian Kondas