Medicare seems like it should be a straightforward program: When you turn 65, you’re eligible for benefits, you pay your premiums, and a bad thing. It’s good in the sense that you have plenty of options with regard to your medical care. It’s “bad” because a lot of people get confused about how the program works.
One common misconception is that you’re stuck with whichever Medicare program you first selected when you enrolled. This isn’t true! You can actually change your mind, and Part B (for doctor appointments). You might also have chosen to enroll in a Part D program, for prescription medications.
However, you also had the option to select a Medicare Part C plan, commonly known as an Advantage plan, which combines Parts A and you can change your mind every year during the Annual Election Period.
Another common misconception is that the Annual Election Period coincides with Open Enrollment for all health insurance plans. Actually, Medicare operates their enrollment period at a different time from general Open Enrollment! And this can cause confusion about the dates.
To clear things up, remember this: If you’re on Medicare, your Annual Election Period began on October 15 and until December 7, you can make changes to your plan or switch to a different one.
And on that note, give us a call. We can help you compare Medicare Advantage plans, to determine if another program might be a better fit for your needs.