Medicare open enrollment 2018 Archives

Extended Medicare Open Enrollment Period 2019

By Ed Crowe | General Articles | 0 comment | 13 July, 2018 | 1

Extended Medicare Open Enrollment Period 2019

This year you have more chances to make sure you chose the best health care coverage available for your needs. There will be an Extended Medicare Open Enrollment Period 2019. The extended period is called the Medicare Open Enrollment Period (OEP) and will run from January 1 through March 31st.

The Medicare Annual Election Period (AEP) is from October 15 until December 7 each year. The dates changed in 2011, but have been the same ever since. For 2018 Medicare coverage, open enrollment ended on December 7, 2017. For 2019 coverage, open enrollment will run from October 15, 2018, until December 7, 2018.

During the annual enrollment period (AEP) you can make changes to various aspects of your coverage.

You can switch from Original Medicare to Medicare Advantage, or vice versa.
You can also switch from one Medicare Advantage plan to another, or from one Medicare Part D (prescription drug) plan to another.
And if you didn’t enroll in a Medicare Part D plan when you were first eligible, you can do so during the general open enrollment, although a late enrollment penalty may apply.

If you want to enroll in a Medicare Advantage plan, you must meet some basic criteria.

You must be enrolled in Medicare Part A and B.
You must live in the plan’s service area.
In most cases, you cannot have End-Stage Renal Disease (some exceptions apply).

Extended Medicare Open Enrollment Period 2019 – More about OEP

During the Medicare OEP from January 1 to March 31st you will have one more chance to make a plan change. If you have a Medicare Advantage plan, you will be able to drop the advantage plan and go back to Original Medicare. You can also add a drug plan at that time if you choose. If you have a current Medicare Advantage plan or a PDP plan, you will be able to change to a different Medicare Advantage or PDP. This is a one time election.

Extended Medicare Open Enrollment Period 2019 – Information about auto renewals on Advantage, Part D and Medicare Supplements

If you are enrolled in a Medicare Part D prescription plan or Medicare Advantage Plan and you are happy with your coverage, you don’t need to do anything during open enrollment. You should just confirm your current plan will continue to be available. If your plan is going to be discontinued and isn’t eligible for renewal, you will receive a notice from your carrier before open enrollment. If you don’t, it means you can keep your plan and don’t need to do anything during open enrollment.

Keep in mind, every year your benefits and premium could change. Although you want to keep your current coverage for the following year, it’s important to check for and understand any changes that may apply. You should always check to make sure that your current plan is still the best choice available to you. The coverage of the available plans can changes from one year to the next. Although the plan you have now was the best option last year, you should make sure that is still the case for next year.

Following AEP is the Medicare Advantage Disenrollment Period that runs from January 1st through February 14th. During this time, a Medicare Advantage plan member is able to disenroll from their current Medicare Advantage Plan. They can then go back to original Medicare and purchase a Medicare supplement plan if they choose. They can purchase a new Part D Prescription drug plan ony if they disenrolled from an MAPD.

In 2019, the new enrollment period will be from January 1st through March 31st.

This enrollment period will allow Medicare Advantage Plan members to disenroll from their current plan and switch to a different Medicare Advantage plan. They can only do this one time within this period. They can also return to original Medicare and purchase a Medicare supplement if they choose. This is not Guaranteed Issue business. Similar to the dis-enrollment period, members can only enroll in a new Part D plan if they have disenrolled from an MAPD.

Crowe and Associates is open from 8:00 am to 5:00 to answer any questions. Call us at 203-796-5403

Medicare Open Enrollment 2018

By Ed Crowe | General Articles | 0 comment | 7 September, 2017 | 0

Medicare Open Enrollment 2018

If you have questions about Medicare Open Enrollment 2018, you should read this. The Open Enrollment Period (OEP) starts on October 15 each year and runs through December 7. This time is also referred to as the Annual Election Period. This period of time is for Medicare clients to re-evaluate their coverage, check for changes and explore any new options that may meet their needs more efficiently. You should speak with your broker and at that time he/she can help you compare your current plan against others on the market. If you find a better health coverage option is available, you can make the desired changes. Your new coverage will begin on January 1 of the following year (Jan.1, 2018)

For example:

If you have Medicare Parts A or B, you can either join or drop a Part D prescription drug plan.

If you already have a Part D prescription drug plan, you can change to a different Part D prescription drug plan.

You can also drop your Medicare Advantage Plan (also called Part C) and change back to Parts A & B (Original Medicare)

If you have a Medicare Advantage Plan, you can change to a new Medicare Advantage Plan.

Learn more about the difference between a Medicare Advantage plan and a Medicare Supplement plan

Do I really need to re-evaluate my Medicare coverage during Open Enrollment?

There are changes made every year to health plans that can effect how much they cost you. Changes can include premiums, deductibles, drug costs as well as pharmacy and provider networks. This means that it is possible that your chosen provider may decide not to participate with your health plan anymore. Your health plan may also change it’s formulary (the list of covered drugs and how much they will cover for them). Because of all these variables, you really should review your options. Make sure the coverage you chose still meets your needs. If you do this, you may be able to:

Get yourself better prescription drug coverage or add it in for the first time. Your medication needs may have changed during the course of a year.

Keep your current doctors in-network. Just in case your provider has decided to change his network affiliation. Open enrollment can be a good time to lower your medical costs.

You might find a higher quality plan that is still in your budget.

These are all things you might want to consider when you are planning for the upcoming year.

Crowe and Associates works with numerous Medicare Advantage, Medicare Part D Rx and Medicare Supplement plans. If you have any questions about your coverage, please feel free to contact us. You can reach us either by phone at (203)796-5403, or by email at edward@croweandassociates.com.