Medicare Advantage – What You Need to Know for 2017Published on
Open Enrollment for a Medicare Five-Star Advantage Plan Ends on Thursday (12/15/2016)
Medicare Advantage is also known as Medicare Part C (Supplemental Medical) and D (prescription plan). If you are wanting additional Medicare Coverage act fast and contact Healthcare.gov.
Should you decide you are not interested in the plan that you enrolled in, the cancelation period begins on January 1, 2017 and ends on February 14, 2017.
What can you do during Medicare Advantage Disenrollment period?
According to Medicare.gov:
- You can leave a Medicare advantage plan and switch to Medicare Part A (Original Medicare), only.
- If you switch to Medicare Part A, you have until February 14 to also join a Medicare Prescription Drug Plan to add drug coverage.
- Your coverage will begin the first day of the month after the plan gets your enrollment form.
What can you not do during the Medicare Advantage Disenrollment period?
- Switch from Medicare Part A to a Medicare Advantage Plan.
- Switch from one Medicare Advantage Plan to another Medicare Advantage Plan.
- Switch from one Medicare Prescription Drug Plan to another.
Note: This disenrollment period does NOT include making changes to a Medicare Medical Savings Account (MSA). You also cannot join a MSA plan during the disenrollment period.
For more information you can check out Medicare and You 2017.
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