If you missed the Medicare Annual Enrollment Period, there is still some good news. You may still have an opportunity to change your plan next year during the Medicare Advantage Open Enrollment Period if you are not happy with it.
Many people do not know about this election period, but the Medicare Advantage Open Enrollment Period (MA OEP) runs from January 1st-March 31st. If you are dissatisfied with your current Medicare Advantage plan, you can make a one-time change during this time.
- You may use this election period to change your Medicare Advantage plan to another Medicare Advantage plan with or without drug coverage.
- You may drop your plan completely and go back to Original Medicare. If you drop your plan, you will be able to pick up a stand-alone prescription drug plan.
If you make a change during this time, your new coverage will start on the first of the following month. Remember, this is a one-time change available only to those who are currently a member of a Medicare Advantage plan and are unhappy with it.
For help with Medicare Advantage plans – or any questions you may have about Medicare – contact AMAC’s Medicare Advisory Service at 1-855-611-4856 or request a quote below!