The Medicare Advantage Open Enrollment Period
The Medicare program also gives you a window of opportunity to change your mind about a Medicare Advantage plan. If you enroll in a Medicare Advantage plan and for any reason you don’t like it, you can disenroll during the new 2019 Medicare Open Enrollment Period from January 1 – March 31.
•Return to Original Medicare and elect a Part D drug plan to go alongside it
•Switch Medicare Advantage plans once
Keep in mind that if you return to Original Medicare and plan on picking up a Medigap plan, that is not guaranteed. In many circumstances you may have to answer health questions for the Medigap plan and the carrier does not have to accept you.
What is a Medicare Special Enrollment Period?
There are certain situations that will trigger a Special Enrollment Period that is specific to you. For example, moving outside the plan’s service area will qualify you for a Special Enrollment period. During this two-month, you can switch to a new Medicare Advantage or Part D prescription drug plan. You can also return to Original Medicare without penalty. You can sometimes also enroll in Medigap under guaranteed issue rights—with no medical underwriting.
There are also other situations in which you may be eligible for a Special Enrollment Period. If you don’t see your situation above, get in touch with us to learn what your options are.
The Medigap Open Enrollment Period
Once you are enrolled in Medicare Parts A and B, you will also qualify for a 6-month open enrollment window for Medigap plans. This starts with your Part B effective date and is a one-time election period. You can enroll in any Medigap plan that you like, with no health questions asked.