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On the Blog...

Remember, your clients can make changes to their Medicare Advantage plans January - March

2/10/2025

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Published by Carolyn Portanova
​The Medicare Advantage Enrollment Period runs from January 1st - March 31st which is beneficial to those clients who are currently enrolled in Medicare Advantage plans. They don't have to wait until the Annual Enrollment Period in October to make changes to their plans if they're not satisfied with them.​​ They can switch to another Medicare Advantage Plan (with or without drug coverage) or even dis-enroll from their current Medicare Advantage Plan and return to original Medicare. If they choose to do so, they'll be able to join a Medicare Prescription Drug Plan as well (Part D).

​Things to consider if your client wants to make a switch:
  • Are their doctors and providers in the new plan network?
  • Are their prescription drugs on the plan formulary?
  • How do the premiums, deductibles, copays, and coinsurance stack up to their current MA plan?
  • Does the new plan offer additional coverage such as Dental, Vision, and Hearing, fitness programs or OTC allowance?

​Remember, if your client enrolled in a Medicare Advantage Plan during their Initial Enrollment Period, they can change to another Medicare Advantage Plan (with or without drug coverage) or go back to Original Medicare within the first three months they have Medicare.
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​If your client switches to a different Medicare Advantage Plan or they choose to go back to original Medicare their new coverage will start the first day of the month after their new plan receives the request for coverage. An important detail to remember though, if your client decides to go back to original Medicare and they want to enroll in Medicare Supplement plan, they will have to go through underwriting.

​Keep in mind, the best time for your client to enroll in a Medicare Supplement plan is during their six month Medigap Open Enrollment Period. During this time they can purchase ANY Medicare Supplement policy sold in their state, even if they have health issues. This period starts the first month they have enrolled in Medicare Part B and they're age 65 or older.

There are many details to consider, before assisting your client with new coverage. Creating a Pros & Cons list to review both plans' benefits is important before making any change.
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