Facts About the Medicare Advantage Disenrollment Period:
The Medicare Disenrollment Period begins January 1st and ends on February 14th.
The Medicare Disenrollment Period is the of time at the beginning of the year when Medicare Advantage beneficiaries can disenroll from their Advantage Plan and switch to basic Medicare.
The Medicare Disenrollment period only applies to anyone who is interested in switching from a Medicare Advantage (MA) plan to original Medicare. If you want to switch Medicare Advantage plans, or switch from basic Medicare to a Medicare Advantage plan, you will have to wait until the annual enrollment period that begins in October.
When choosing to switch from a Medicare Advantage plan to basic Medicare you also become eligible for Medicare Supplemental insurance. Medicare Supplement plans cover any leftover cost gaps in basic Medicare to provide full coverage for Medicare beneficiaries.
If you are currently enrolled in a Medicare Advantage drug plan but are interested in switching to basic Medicare, you can replace the Medicare Advantage drug plan with the Medicare Part D drug plan. You can make this transition during the Medicare Disenrollment Period as well.
Two reasons you should consult an expert about your coverage today:
If your Medicare Advantage plan costs more out-of-pocket than you expected or want
If you are worried about the limited network of doctors that accept Medicare Advantage plans
Consult an expert today! Call us at (855) 370-4260