Enroll During the Open Enrollment Period of Medicare
Due to the 2010 Medigap modernization law, which was implemented on June 1, some modifications were made to the current Medicare supplementation plans. These changes do not affect those who benefit from the Medicare open enrollment period. If you qualify for Medicare this year, there are some beneficial options available for you. But if you have part A and B of Medicare, you have much more options with the open enrollment period, which runs from October 15 till December 7.
If you enrolled for Medicare, you’ll have the option of choosing a Medicare Advantage plan, maintaining your original Medicare plan, selecting a prescription plan and a Medicare supplement, or maintaining your original Medicare plan and a Part D prescription drug plan. Medicare has part A, B, and C. Part D is the prescription drug policy. During the open enrollment phase, which lasts until December 7, you will have several options to make the desired changes and make sure you have the plan that best suits your requirements.
Here are some areas to consider when making the best choice for you such as 2020 Medicare advantage plans comparison which can be reviewed at www.medicareadvantageplans2020.org so visit for the best advice. Your original Medicare plan has several franchises and harvest items that can have a negative impact on your bank account if you have a serious illness and need to stay in the hospital for some time. This is where a Medicare supplement plan can save you from those terrible economic situations. Keep in mind that if you choose a Medicare Supplement plan, each provider will have to offer the exact same plan in accordance with the law. Do not pay attention to the name of the company, but consider the cost of the plan and the letter designations (plans A, B, C, D, F, G and K) and the coverage of each plan.
If you are sure you choose a doctor in a network and you are not looking for a Part D prescription drug plan, a Medicare Advantage plan may be best for you. For most Medicare beneficiaries, the main negative factor in the Medicare Advantage plan is that if you have a doctor with whom you are familiar and your doctor is not in the network, you will have to change. However, if you are concerned about keeping your medical care costs low, it is best to select a doctor in a network.
If you choose a Medicare Advantage plan, you can have a small monthly premium, depending on your income and the benefits you choose. However, it would be small compared to the monthly Premium Medicare Supplement Plan. You can also choose a Medicare Advantage plan without the Part D Plan if you already have a Part D plan and simply opt for a separate Part D plan. Take some time to carefully examine your options. Finally, after December 7, you will have the opportunity to return to Original Medicare and a Part D Independent Plan before February 15. This open registration period is an important time for you, as a Medicare beneficiary, to carefully review your decisions.