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Medicare Enrollment Guidelines

Medicare Enrollment: Basic Information and Timeline


Review and comparison of Medicare Advantage Plans September – October:

  • Check for notices with regard to changes in your plan for the coming year. Click here to download the government handbookfor more information.
  • Comparison: Utilize Medicare’s tools to find an appropriate Medicare plan that matches your requirements.
  • This is the time of the year where all individuals with Medicare insurance plans can review their plan specifics for the following year.

Options between 15th October and 7th December

  • Original Medicare can be switched to a Medicare Advantage Plan.
  • You may also revert from an Advantage Plan back to your basic or Original Medicare.
  • You can switch between two different Advantage Plans.
  • You can switch from a Medicare Advantage to Medicare Supplement plan. You can revert to an Advantage plan that doesn’t offer drug coverage.
  • Startup with Medicare Prescription-Drug Plan.
  • Switch between different Medicare Prescription-Drug Plans.
  • Withdraw from Medicare drug coverage entirely.

1st January – Start of Coverage Period

If you switched your plan, the new coverage will start on the 1st of the year. If you decide to continue on the same plan, any changes to the benefits will commence on the 1st of the year.

1st January – 31st March

  • This period is only for those on Medicare Advantage Plans such as HMO as well as PPO among others.
  • This period is allotted for you to switch to a Medicare Advantage Plan or revert to Original Medicare (Part A and Part B) and enroll in a standardized Medicare Supplement and stand alone prescription drug plan. Coverage starts on the 1st of the month following submission of the enrollment documentation.

Medicare Supplement Policy Procurement Details  

  • Medigap policies are ideally purchased within the duration of the Medigap allotted or designated Open-Enrollment Period. This period extends over a six-month duration and commences on the 1stof the month you hit the 65th year mark and are pre-enrolled in Part B.
  • In case of any delays on Part B enrollment, due to particulars regarding employment or coverage of yourself or a spouse, your Medigap Open-Enrollment Period will not commence until your Part B registration is completed.

If you feel you need additional guidance with regard to anything here, do get in touch. We’re happy to facilitate.

Source:

You can connect with one of our licensed agents via the phone numbers provided here.

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