Find Out More about Medicare Open Enrollment
1966 is remembered as the year when Medicare was first introduced. This kind of health insurance programs is meant to offer coverage to people who are 65 years and above and those who are below this age and but have some disabilities. More than 60 million Americans today make use of this kind of health coverage. These Americans make use of hospital insurance Medicare Part A ,medical insurance which is Medicare Part B, and prescription drug coverage which is Medicare Part D. Medicare open enrollment is certainly what you are waiting for if you are planning to change your current coverage. The truth is that the question is valid since the last thing you would want is to have the current Medicare open enrollment period to pass, leaving you with no option but to wait for the next Medicare open enrollment period. Below are some of the things you might need to know concerning Medicare open enrollment.
The first thing is to appreciate what is the meaning of Medicare open enrollment. Let’s start by ensuring that you understand the analogy behind the Medicare open enrollment period. In case there are some features you would like to change on your Medicare coverage, you can make the changes during medicare open enrollment period. This allows you to make the changes that you need in case the current plan is not good for you. There are different changes that people make during this period, but we will only mention the most common ones.
First, you can change your current Medical plan to Medicare Advantage plan. You might also change your Medicare Advantage plan. Alternatively, you can change to a different plan in case you have a Medicare Part D. Medicare open enrollment takes place near the year-end. In case there are some changes you would like to change on your plan, make sure that the Medicare open enrollment that will start this year on October 15th and will close on December 7th this year does not pass you. The best thing is to ensure that you start to make the necessary preparations you ought to make before this time.
If you are okay with the Medicare plan that you have, you will not have to make some changes. This means that you will not have to do anything during the Medicare open enrollment period. If your plan does not discontinue due to some reasons, it will auto-renew to the next year without your intervention. Find out if there are changes on your plan since some benefits and premiums may change over time.