Medicare Open Enrollment Starts Today—October 15

October 15th is here and open enrollment for Medicare is just until December 7. So don’t miss out on the opportunity to explore your medicare options. There is some very useful information below. Feel free to contact me if you have any questions.

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George Litchfield
CA License# OB56846
GeorgeLitchfield.com

 

Medicare Open Enrollment is a time each year when beneficiaries can change their Medicare coverage, if they choose. It’s much like open enrollment for health care insurance you may have had through an employer.

Open enrollment is your chance to explore all your Medicare choices and make sure that you have the right coverage for you in the coming year. If what you already have is working for you, then great. You can relax and let open enrollment pass by. However, if your health status or life circumstances have changed, then you may want to change your Medicare coverage, too.

You will receive information from your current plan sponsor in the weeks leading up to open enrollment. It’s important to read this material. It will explain any changes in your plan benefits for the coming year.

You may want to read our blog post Learning About 2013 Changes to Your Medicare Plan for more details about the material you may receive. This is just one post in our Countdown to OEP blog series. You can link to other helpful posts in the series from there. (OEP stands for Open Enrollment Period.)

Open enrollment starts on October 15 and runs through December 7. Here’s what you can do during open enrollment:

  • Change from Original Medicare (Parts A and B) to a Medicare Advantage (Part C) plan or vice versa. You remain enrolled in Medicare Parts A and B even when you choose to get your coverage through a Medicare Advantage plan.
  • Switch from one Medicare Advantage plan to a different Medicare Advantage plan. Many Medicare Advantage plans include drug coverage and other extra benefits that you don’t get with Original Medicare. They also often have defined provider and pharmacy networks that you must use. You can choose to go outside the network, but you may pay more for services.
  • Switch from one standalone Medicare prescription drug plan to a different Medicare prescription drug plan. You can get a standalone drug plan if you have Original Medicare or certain Medicare Advantage plans (Private Fee-For-Service or Medicare Savings Account.)
  • Join a Medicare prescription drug plan or drop your Medicare prescription drug coverage completely. If you drop your drug coverage, you may have to pay more to get it back later.

–This information was provided by Medicare Made Clear

For more help with your Medicare question call us at (888) 891-5557 or visit GeorgeLitchfield.com and fill out our no obligation consultation form and we will call you.