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. The number of Americans who make use of this coverage annually is about 60 million. 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. Medicare open enrollment is certainly what you are waiting for if you are planning to change your current coverage. 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. Read on to understand more 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. 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 allows you to make the changes that you need in case the current plan is not good for you. Although one can make so many changes on their plan, it is good to mention the most common.
First, you can change your current Medical plan to Medicare Advantage plan. You might also change your Medicare Advantage plan. Alternatively, you can change to a different plan in case you have a Medicare Part D. Medicare open enrollment takes place near the year-end. In case there are some changes you would like to change on your plan, make sure that the Medicare open enrollment that will start this year on October 15th and will close on December 7th this year does not pass you. 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. Medicare open enrollment period should not be something you mind about if there are no changes you would like to make on your plan. The same plan you are having will carry on to 2020 unless there are some valid reasons that can lead to its discontinuation. However, it is good to check if there are changes in your plan since premiums and benefits change from one year to the other.