Medicare, like individual coverage, has an enrollment period every year designated for enrolling in a private insurance plan without any kind of qualification. However, throughout the year, Medicare beneficiaries have the option of changing their plan if they have had a life change happen.
If you are eligible for both Medicare and Medicaid, you can…
Join, switch, or drop your Medicare Advantage Plan or Medicare prescription drug coverage.
One time during each of these periods:
If you make a change, it will take effect on the first day of the following month. You’ll have to wait for the next period to make another change. You can’t use this Special Enrollment Period from October–December. However, all people with Medicare can make changes to their coverage from October 15–December 7, and the changes will take effect on January 1.
If you are enrolled in a special needs plan and no longer have the condition that qualifies as the special need that the plan serves, you can…
Switch from a Special Needs Plan (SNP) to a Medicare Advantage Plan or Medicare Prescription Drug Plan.
You can choose a new plan starting from the time you lose your special needs status, up to 3 months after your SNP's grace period ends.
If you weren’t properly told that your other private drug coverage or a Medicare Prescription Drug Plan, you can…
Join a Medicare Advantage Plan with drug coverage or a Medicare Prescription Drug Plan.
Your chance to join lasts for 2 full months after the month you get a notice of the error from Medicare or your plan.
If you have questions or are confused about which company is best for you, book a meeting with an agent. The goal is to lower your potential cost as low as possible while still receiving great medical care when you need it.
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