Medigap Monday: New Medicare Enrollment Period
Starting in January 2019, Medicare is going to have a new open enrollment period that runs from January 1st to March 31st. Medicare offered this open enrollment a few years ago but decided to end it and came out with MADP period which is the Medicare Advantage Disenrollment Period. The MADP was designed for people who chose an Advantage Plan during Annual election period and realized they didn’t like it. They were given six weeks to upgrade back to a Medicare Supplement plan. The good news is that so many people have complained that that time period in not long enough so Medicare is getting rid of the MADP and they’re bringing back the open enrollment period from January 1st to March 31st.
What this means is if you have a Medicare Advantage Plan, you can actually go back to Medicare and get a Medicare Supplement plan and you do not have to wait until the Annual Election Period in October. It also allows you go from one Medicare Advantage Plan to another without having to wait until the Annual Election period in October.