What to Know Concerning Medicare Open Enrollment
The initial introduction of Medicare was done in the year 1966. 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. If you are contemplating to change the coverage you are having currently, you are certainly waiting for the next Medicare open enrollment. It is good to mind about the present enrollment lest it passes and has to wait for the next. Read on to understand more concerning Medicare open enrollment.
It is paramount to begin by appreciating what Medicare Open enrollment is is all about. Let’s start by ensuring that you understand the analogy behind the Medicare open enrollment period. During the medicare open enrollment period, you get the opportunity to make the right changes to varying features of your coverage. In case there are some parts of the current coverage plan that are not making you happy, you can make the necessary changes during this period. Although one can make so many changes on their plan, it is good to mention the most common.
If you would like to have a Medicare Advantage plan, you can switch from the Original Medicare plan. It is also during this period that you can change your present Medicare Advantage plan. In case the Medicare Part D is not good for you, and you would like another plan, you can switch during this period. It is good to note that the Medicare open enrollment is usually near the year-end. If there are some aspects of your current plan that you would want to change, you should ensure that you do not allow the Medicare open enrollment that will start this year on October 15th and will close on this year December 7th pass you by. 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. Medicare open enrollment period should not be something you mind about if there are no changes you would like to make on your plan. If your plan does not discontinue due to some reasons, it will auto-renew to the next year without your intervention. However, it is good to check if there are changes in your plan since premiums and benefits change from one year to the other.