you can change your Medicare Advantage plan from January 1 until March 31

What Is the Medicare Advantage Open Enrollment Period?

The Medicare Advantage Open Enrollment Period is a time when existing Medicare Advantage policyholders can make the changes to their plans. There are only certain actions you can take during this time, so it is important to know what is and isn’t allowed.

When Does The Medicare Advantage Open Enrollment Period Take Place?

Medicare Advantage Open Enrollment takes place from January 1 to March 31. This is also during the same time as the Medicare General Enrollment Period.

What Am I Able To Do?

This enrollment period allows you to:

  • Switch from one Medicare Advantage plan to another (such as disenrolling in a Health Maintenance Organization plan and joining a Preferred Provider Organization plan)
  • Drop your Medicare Advantage plan and go back to Original Medicare and Medicare Part D

What Am I Not Able To Do?

You cannot make use of this if you don’t already have Medicare Advantage. You won’t be able to drop your Original Medicare plan to join Medicare Advantage at this time. If you have Original Medicare and would like to join Medicare Advantage, you will have to wait until the Annual Enrollment Period, which takes place from October 15 to December 7.

Why Use The Medicare Advantage Open Enrollment Period?

Simply put, the primary incentive is to join a Medicare plan that’s better than the one you currently have.

Coverage is not always the same from year to year. In fact, you will be alerted of the specific changes for your Medicare Advantage plan in the Annual Notice of Change (ANOC) document that arrives every September. 

The ANOC also lists the price changes. Because Medicare Advantage is a private insurance plan, the cost changes are highly variable between policies. In this case,you may use the Medicare Advantage Open Enrollment Period to find a Medicare Advantage policy that is a better fit for your budget.

Make The Change You Deserve

At Medicare Sharks, we ensure that you’ll find a Medicare Advantage plan that will give you the coverage you need while also keeping your costs to a minimum. The world of Medicare may change, but our devotion to excellent customer service will always stay the same. We’re here to keep you informed – and get you the policy you need. Call us today at 561-225-3022. You may also reach us at 561-225-3633.