Although the Open Enrollment has just ended, this does not mean that you are completely out of time. An annual cancellation period exists for those who want to leave their Medicare Advantage and / or Part D plans. The good joke is that the beneficiaries have to part with their current plans before St. Valentine's Day.
While entanglement as an open registration has just ended, the purpose of the cancellation period is to allow the beneficiaries to completely leave part C and / or D, while Open Enrollment allows the beneficiaries to switch between plans and carriers once a year. You are also allowed to leave the service during an open registration, but from February 1 to February 14 gives you another opportunity to say goodbye to Part C and / or Part D.
There are three scenarios in which you can switch: the first is for those who have an Advantage plan that includes a drug plan. These people may decide to purchase independent Part D of the plan or just wing with the original Medicare (I do not support the latter). The second scenario is for those who have plans for Private Fee-For-Service (they do not include prescription coverage). If it is you, unfortunately, you will not be able to purchase Part D until next October, but you can return to Medicare. Now, let's say you only have a part of the Part D policy, as in the case of the above scenario, you cannot switch carriers / plans until next year, however you can say goodbye to part D if you so desire. At the bottom, you can drop your parts C and D and return to the original Medicare program.
You may be asking yourself, well, what happens after I apologize? Fortunately, you can either stick to the original Medicare program, or do the smart thing and purchase the Medicare Supplement policy. Be careful, before registering, you will want to make sure that you qualify from a medical point of view to supplement Medicare. You can talk to a Medicare supplement agent about whether you are qualified.
For those who have a Medicare app and want to switch plans / carriers, you do not need to wait for any “special” period! One of the reasons Medicare adds flexibility. If you are unhappy with your plan / carrier and you qualify from a medical point of view (no serious conditions, ailments or operations are expected), you can switch on any day of the year! There are no deadlines for this coverage of Medigap. Many people are shocked when I first tell them: “Well, in fact, you can apply after December 7th, there is no registration period for Medigap”.
The only additional Medicare coverage that is restricted is Parts C and D; The beneficiaries of these plans must adhere to the Open Enrollment and Disenrollment restrictions.
If you're tired of unexpected Medicare Advantage costs, make the transition in January! Give your part C a good old "It's me, not you," and continue!
