DreamHealthQuotes can assist you in learning more about the Open Enrollment Period.
We can help you in finding coverage that is appropriate for you and in better understanding your alternatives.
During the annual Medicare Advantage Open Enrollment Period, which runs from January 1 to March 31, individuals in Medicare Advantage plans may change their plans once. As an enrollee, you are given the following once-only opportunity during this time:
- Shift to another Medicare Advantage plan
- Give up your Medicare Advantage coverage and switch back to Original Medicare (Medicare Parts A and B)
- Obtain a Medicare Part D Prescription Drug plan if you decide to go back to Original Medicare (Parts A and B)
Only one changeover is permitted for those who are enrolled in a Medicare Advantage plan during the Medicare Advantage OEP in the first quarter of the year. You have until the end of March to make a change if you enroll in a Medicare Advantage plan in the autumn during the Medicare Annual Enrollment Period and decide you don’t like the plan once it goes into effect in January. Additionally, if you are returning to Original Medicare (Parts A and B) from a Medicare Advantage plan, you can only enroll in Part D coverage during the first three months of the year.
What adjustments cannot be made during the open enrollment period for Medicare Advantage?
Only existing Medicare Advantage members have access to the Medicare Advantage OEP. Owners of Original Medicare policies are prohibited from:
- Switching to a Medicare Advantage plan from Original Medicare
- Enrolling in a Medicare Part D prescription drug coverage
- Modifying your Medicare prescription drug coverage
The three aforementioned changeovers are possible during the Medicare Annual Enrollment Period, which runs from October 15 to December 7, each year.
Feel Free to Approach DreamhealthQuotes for Assistance in Medicare Advantage Open Enrollment Period
To quickly compare plans and identify the best one for you, we independently research the most reputable insurance providers. You are under no obligation to enroll in a new plan or make changes to your current one after we perform a free plan evaluation for you.
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