Starting in October, there is a bit of hysteria in the Medicare world. This is because the Annual Enrollment Period is nearing – and most Medicare beneficiaries believe that this is the only time when they can make any change to their coverage.
However, contrary to what many think, Annual Enrollment Period of October 15 – December 7 is actually not the only time to make changes to your Medicare coverage. In certain instances, you’ll also have a period between January 1st and March 31st of each year to make changes.
The available periods in which you can make changes to your Medicare coverage depend on which type of Medicare you have – Original Medicare with a Medicare Supplement, or a Medicare Advantage plan.
There are opportunities where you can make changes to your Medicare coverage. It really just depends on what type of coverage you have.
If you have a Medicare Advantage plan, you have two time periods where you can make changes to your coverage.
If you are confused about which coverage you have and when you need to make changes, feel free to reach out to HICAP at 800-434-0222 to schedule a 1-on-1 appointment with a counselor in your community or attend a local unbiased seminar. Check our website, www.sasnb.org, for details.
HICAP is here to help!