The Medicare Rights Center in New York reminds us that we have until Saturday, December 7th, to make changes in Medicare health and drug coverage without any restrictions. You can watch our video that explains all, if you’d like all the reasons to review your plan.
Joe Baker, president of the Medicare Rights Center points out there are very good reasons to make a change.
He says, “Plans can change their costs and benefits every year, and what works for you this year may not be your best choice in 2014. It’s important to take stock of your current health and drug coverage and to consider your health and financial needs.”
If you pick a plan now and don’t like it, you have an chance to make a change in January.
Baker says, “People with Medicare who become unhappy with the Medicare Advantage plan they chose during Fall Open Enrollment are able to switch to Original Medicare and a stand-alone prescription drug plan during the Medicare Advantage Disenrollment Period (MADP), which begins January 1 and ends February 14. They will also have the right to add a Part D prescription drug plan during the MADP. They will not, however, be able to switch from one Medicare Advantage plan to another.”
“The Medicare Advantage Disenrollment Period is a limited window of opportunity that can be useful for some beneficiaries,” said Baker. “But it’s important to remember that if you make a change during that time, you may not be able to get a Medigap plan to fill the gaps in coverage, or your Medigap choices may be limited.”
You may not want to bother to take a second look at your plan. We understand that. But you may find that you’ll be able to save money and it will be worth your effort.
Bakers says, ” It’s best to put the time in now to find the best plan for you, because after December 7 may be too late.”