What Are The New Choices for Medicare Supplements and Advantage Plans?

by Michael on November 29, 2010

in Insurance Newswatch,Medicare

Traditionally, from Jan. 1st to March 31st each year, Medicare Advantage (MA) members have had the option to switch to a different Medicare Advantage Plan.

Starting in 2011, the three-month period is shortened to six weeks and is no longer an Open Enrollment Period. It becomes the Annual Disenrollment Period (ADP).

From Jan. 1st to Feb. 14th only, Medicare Advantage members may disenroll from their Medicare Advantage Plan, but cannot enroll in a different Medicare Advantage Plan. Their only option will be to return to Original Medicare and select a traditional Medicare Supplement and/or a Part D Prescription Drug Plan.

The Annual Enrollment Period from Nov. 15th to Dec. 31st is not changing for 2010, but it will be especially important for Seniors to make the right decision during this time period. If they select a Medicare Advantage plan, in most cases they will be locked into that plan for a whole year until the 2011 Annual Enrollment Period. If a Senior decides to switch from an MA plan to a traditional Medicare Supplement, what’s the value for them?

  • Traditional Medicare Supplements provide Seniors the freedom to choose whichever doctor or hospital they want.
  • A Medicare Supplement from any Company we write with is guaranteed renewable as long as premiums are paid on time.

I highly recommended that you review what you have over the next 30 days. Feel free to contact me and I will help you with this.

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