Well, the Medicare open enrollment period for 2021 is upon us.
Now, if you've got a Medicare Advantage plan or a Medigap plan,
or a Part D drug plan, or a combination of a couple of those,
I'll explain what you can change and when you need to do it by so you don't
get yourself into trouble this year.
So, the Medicare open enrollment period is a designated period of time that
Medicare allows for people to make certain changes.
This runs from October 15 through December 7.
And then most of the changes that take place during that time will go into
effect the following January 1.
So here are the things you can change during the Medicare open enrollment
period for 2021.
If you've got a Medicare Advantage plan, you can change back to original
Medicare, and then again a Medigap plan and a Part D drug plan.
If you've got a Medicare Advantage plan, you can switch to another
Medicare Advantage plan.
If you've got a Medicare supplement plan, you can change your Medicare
supplement plan because you can do that anytime during the year. Or you can
enroll in a Medicare Advantage plan.
And if you've got a Part D drug plan, that would be the time, the one time
per year that you can change that.
And then all coverage, except for Medicare supplement plans will go into
effect on January 1 from any changes you made.
Now, I say except for Medicare supplement plans.
What I mean by that is if you're moving from a Medicare supplement plan to
another Medicare supplement plan, that does not fall under the open enrollment
period.
You can do that anytime per year.
In fact, we do it about 12 to 15 times a day for people all year long.
So you don't have to wait until any open enrollment period if you currently have
a Medicare supplement plan or Medigap Plan, it's the same thing, and you want
to switch to save money to another company and keep on a Medicare
supplement plan.
Again, that can be done anytime during the year.
You don't have to wait until the open enrollment period to do that.
Now, if you are one of those people with a Medicare supplement plan now,
and you're wanting to save money by just switching to another company.
Well, aside from the Part D portion of this video, where you do have to wait
until the open enrollment period to change that, you're done,
just give us a call now.
You don't even have to watch to the end of this.
Because we can change you right now.
Our phone numbers 1-888-891-0229.
And we'll get to the other topics. And I'll certainly explain each and every
one of those.
But if you've got a Medicare supplement plan, and that's all you're wanting
us to change coverage and keep on the Medicare supplement plan,
just give us a call right now.
So let's first talk about the Medicare Advantage plans.
Now, if you're out there, and you've got an advantage plan and you want to
come off of that.
You're tired of those out of pocket expenses. You're tired of a network.
You want the flexibility of coming back to original Medicare and a Medicare
supplement plan.
Well, you came to the right place.
My name is Russell Noga with Medisupps.com.
For the last 11 years, we've been taking people off their Advantage Plan
during the open enrollment period, bringing them back to the lowest price
supplement they could find.
And they're thrilled, because they have no network, they've got outstanding
coverage, and they can go see any doctor, specialist or hospital anywhere
in the country, and they will take them. There is no network with these.
So if that is the case, and you want to move from your Advantage Plan back
to original Medicare and a Medigap Plan, then October 15 is the time period
you can do it.
We begin processing the applications for people like yourself, if that is the
case, well before that.
So by all means, give us a call today. We're not in the enrollment period
now when you're watching this, because we need to get that process started
even earlier.
Underwriting departments of all the insurance carriers get backed up
tremendously every year.
In over a decade I've been in business, it never fails because they have so many
applicants that they have to process, and applications.
So, call us now so we can begin that process.
Now, with a Medicare Advantage plan again, you can return to Original
Medicare and get on a Medicare supplement plan as well.
As well as a part D drug plan during the open enrollment period.
You can also change from an Advantage plan to another Advantage plan if you
want to stay with that.
As well, again, Part D drug plans are changed during the open enrollment
period.
Now, if you've got a Medicare supplement plan and you're wanting to go
to an Advantage plan, well, give us a call, we can help with that as well.
That needs to be done during the open enrollment period.
Remember, I had mentioned you can change from a supplement to a supplement
anytime during the year, but if you want to enroll in a Medicare Advantage plan,
they'll make you wait till October 15 to do that, and then your coverage will
begin January 1 of the following year.
And then there's Part D drug plan coverage.
Now, you can only change your part D drug plan once per year.
Which is very interesting because the insurance carriers for Part D drug plans
can change their formulary anytime during the year.
I don't think it's fair, but hey, that's the way it goes with the government
sometimes.
So, you have one time per year during the open enrollment period.
And in this case for 2021, October 15. through December 7, you have a chance to
change your part D drug plan, and the new plan will go into effect January 1.
Now, one tip on these part D drug plans, they change each year the formulary is
change and the premiums change.
We saw some big changes in 2020, or the enrollment period for 2020,
back in the late of 2019 for one of the biggest carriers,
where they swapped their plans, and everybody who thought they had the best
plan, their premium actually doubled.
And a lot of people that I talked to later in the year who weren't clients of
ours that ended up having to pay that higher premium, because they're stuck in
that drug plan for an entire other year.
So don't miss this period if that's the case, and that's what you're looking
for.
Now, for any of these changes, by all means, give us a call and we can help
out.
Our phone number is 1-888-891-0229.
When it comes to the open enrollment period for 2021, you can make these
changes during that time and you don't want to miss out and you want to be
sure that you're in the best spot with your Medicare insurance.
I'm Russell Noga with Medisupps.com.
And we look forward to speaking with you soon.