Find Out More about Medicare Open Enrollment
1966 is remembered as the year when Medicare was first introduced. 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. People who make use of Medicare can utilize hospital insurance which is Medicare Part A or medical insurance which is Medicare Part B or the prescription drug coverage which is the 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. This is a good concern considering that you would not like the Medicare open enrollment period to pass and have to wait until the next one to come. Below are some of the things you might need to know concerning Medicare open enrollment.
It is paramount to begin by appreciating what Medicare Open enrollment is is all about. But even before you get to appreciate what Medicare open enrollment is, you should understand the meaning of the Medicare open enrollment period is. Medicare open enrollment period is that time when you can effect changes to any of the varying aspects of your coverage. This allows you to make the changes that you need in case the current plan is not good for you. During the open period, you can effect varying changes, but we are going to mention just a few.
In case you currently have the Original Medicare plan, you can switch it to Medicare Advantage Plan In case you would like to change your Medicare Advantage Plan, you can also do so during this period. Alternatively, you can change to a different plan in case you have a Medicare Part D. You should know that it is near the year-end when Medicare open enrollment takes place. 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. This means that you will not have to do anything during the Medicare open enrollment period. If there are no reasons that can cause discontinuation of your plan, it will auto-renew, and the same plan will carry on to 2020. However, it is good to check if there are changes in your plan since premiums and benefits change from one year to the other.