The first thing to know about Medicare’s Open Enrollment Period is the date – it runs from October 15 through December 7. The changes that you make to your Medicare during this time will take effect on January 1, 2023.
What Changes Can You Make During Medicare’s Open Enrollment Period?
Some of these changes include adding, dropping, or making changes to your Medicare Advantage or Part D prescription drug coverage. Some additional changes include switching from Orignal Medicare to Medicare Advantage, or vice versa. Some states also offer the option to buy a Medigap policy during the Open Enrollment Period.
Use Medicare Open Enrollment Period as a Time to Review Your Current Coverage
Before getting switching up your coverage, it’s important to look at what coverage you currently have and see if it’s supporting your lifestyle. A good thing to note in particular is the changes to the plan’s costs, the plan’s benefits and coverage rules, and the plan’s formulary. The formulary is the list of drugs that are covered in your plan. If you’re making any changes to your Medicare Plan, make sure your drugs are still going to be covered, and that your providers and pharmacies are still in the plan’s network.
How to Make Changes to Your Medicare Coverage
Services like MedicareInfo are here to help people understand these products and provide licensed insurance agents to assist in the decision-making process.
Have Additional Questions? Avoid Confusion, Know Your Medicare Plan Options
The number of Medicare Supplement, Medicare Advantage (Part C), and Medicare Part D Prescription Drug plans available in a given area can be overwhelming. The purpose of this website is to give you access to a licensed insurance agent who can help provide you with information to make good decisions.