Medicare Advantage Plans Are Not Available Outside of Open Enrollment
Medicare Advantage plans are offered to supplement Medicare insurance policies. These plans cover expenses for things like vision and dental, along with certain copays, and assistance with prescription drug costs. These plans are very important for some Medicare subscribers, so it is wise for subscribers to enroll in one, as needed, during the open enrollment period.
If you feel that you need more comprehensive health care coverage, want to limit out-of-pocket medical costs, or generally want more benefits than your current plan offers, then a Medicare Advantage plan may be right for you. It can be helpful to research and review the different Advantage plans to see which one will meet your particular needs.
If the open enrollment period is missed, the only way to sign up for one of these plans is if a qualifying event occurs. Qualifying events include moving, losing employer health insurance, and other major life events.
Use Open Enrollment Period as an Opportunity to Compare Plans
Open enrollment is the perfect time for subscribers to really take a moment to determine if they are currently receiving the health care coverage that suits their needs. This period of time is the only opportunity that you will have to research plans, do cost comparisons, and coverage comparisons.
Here are some tips to help you use the open enrollment period to its full advantage:
Review your current Medicare Advantage plan, or, if you do not have one, determine if you will be needing one during the upcoming year.
Use the Medicare.gov finder tool to compare plan coverage and costs.
Search private insurance companies and other sources for Part D or Advantage plans to determine if it is more cost effective to purchase through another company.
During this open enrollment period, take the time to research and compare Medicare Advantage plans to determine if your current plan continues to be appropriate. You may find that your plan no longer meets your needs or provides more than what you’re using. In that case, take advantage of open enrollment and change your existing plan or choose a new plan that could save you some money or increase the benefits you’re receiving. Make sure that if you fall into these categories, you act before the open enrollment period ends and it is too late. See Hop Medicare Plans.