What to Know Concerning Medicare Open Enrollment
The first introduction of Medicare was done in 1966. 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. These Americans make use of hospital insurance Medicare Part A ,medical insurance which is Medicare Part B, and prescription drug coverage which is 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. It is good to mind about the present enrollment lest it passes and has to wait for the next. Read on to understand more concerning Medicare open enrollment.
It is paramount to begin by appreciating what Medicare Open enrollment is is all about. For you to appreciate Medicare open enrollment, you may need to understand what Medicare open enrollment period means. In case there are some features you would like to change on your Medicare coverage, you can make the changes during medicare open enrollment period. This is the period when you can effect changes that you may need to effect to ensure that the plan suits your needs. During the open period, you can effect varying changes, but we are going to mention just a few.
If you would like to have a Medicare Advantage plan, you can switch from the Original Medicare plan. It is also during this period that you can change your present Medicare Advantage plan. The period also offers you the chance to change your Medicare Part D to another plan. It is good to note that the Medicare open enrollment is usually near the year-end. If you would like to change your 2020 Medicare plan, you should take advantage of the Medicare open enrollment that will begin on 15 October this year and will close on 7 December this year. However, make sure that you have taken time to ponder about the changes you want to effect early enough.
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. Find out if there are changes on your plan since some benefits and premiums may change over time.