Posted by James O'Neal
Estimated Reading Time 1 minute 18 seconds
Medicare Advantage Changes Can Be Made Now Through March 31
Posted by James O'Neal
Most Medicare Beneficiaries know that during each autumn, from October 15 to December 7, they can evaluate and make changes to their healthcare plans. But for those of you enrolled in Medicare Advantage, you have a second chance to make changes for this coverage year. If you’ve enrolled in a Medicare Advantage plan for 2023, but you’re having second thoughts, you can participate in Medicare Advantage Open Enrollment until March 31.
What can you do during Medicare Advantage Open Enrollment? At this time, those of you enrolled in a Medicare Advantage plan can review your current arrangements with other Medicare Advantage plans available in your area. If you decide another plan works better for you based on your needs, you can switch.
If you decide that Medicare Advantage is just not for you, you can drop your plan and return to Original Medicare (Parts A and B). Part A is free to almost everyone, assuming you accumulated enough work credits, and you will pay a premium for Part B coverage. You can also add a Part D (prescription) plan to your Original Medicare.
Why would you switch Medicare plans? With Medicare Advantage plans, the drug formulary (list of covered prescriptions) is a common consideration. If you need a new medication that is not covered, or if the plan’s formulary has changed, you might want to switch to a different plan.
The plan’s network is also critical. Make sure your preferred providers and facilities will be covered on the plan’s network, so that you can access the care options you prefer.
Sometimes, a Medicare beneficiary simply moves to a new area. A new geographical location will necessitate a new network of providers, and therefore a new Medicare Advantage plan.
Remember, this Medicare Advantage Open Enrollment Period is only open to those who are already enrolled in a Medicare Advantage plan.
Medicare Part C ComparisonNo-cost assistance with your Medicare enrollment and benefits.
- To speak with a licensed agent, call (888) 966-8579
(TTY 711 M-F, 9am-5pm)
- AL, AR, AZ, IL, NM, MO, MT, NC, OR, SC, TN, WI: 770576 | FL: W672793 | GA: 3307166 | IN: 493161 | LA: 485254 | MN: 40567027 | MS, OH, TX
- Main Office
5113 S. Harper Ave.
Chicago, IL 60615
2953 Bienville Blvd #303
Ocean Springs, MS 39564
6068 Us Hwy W. Ste. 1 #228
Hattiesburg, MS 39402
Have You Watched Our Medicare Essentials Video Quick-Course?
This video tutorial covers the basic elements of Medicare in a format that is easy to understand and you can watch it from the comfort of home! It’s yours at no cost and no obligation, just tell us where we should send it!