New Open Enrollment Period for Medicare Advantage

This is the second in an ongoing series of informative Medicare posts courtesy of MedicareFAQ. You will see a ton of what are basically ads pushing Medicare Advantage plans. Few balance the pros and cons because they are saying that these plans offer more coverage. I'd suggest reading this article closely before deciding which type of Medicare is right for your parents, your spouse, or you. You will then be able to make an educated decision. - Carol 2019 starts a new enrollment period for Medicare Beneficiaries that are currently using Medicare Advantage plans, Open Enrollment Period. This new enrollment period is replacing the Medicare Advantage Disenrollment period that used to run from January 1st to February 14th annually. This new period will give additional freedom to Medicare Beneficiaries that are on Medicare Advantage plans. What is a Medicare Advantage Plan? A Medicare Advantage plan is a health insurance that Medicare Beneficiaries can elect and replace their Original Medicare benefits with. These plans are required to cover the same services as Original Medicare and provide a Maximum out of pocket annually. A Medicare Advantage plan (MAPD) sometimes include additional coverages that Medicare does not cover, such as dental, vision, and hearing coverage. These plans are networked based usually HMO (Health Maintenance Organizations) or PPO (Preferred Provider Organizations). These styles of plans are very inexpensive, however, in most cases, you are still...
Source: Minding Our Elders - Category: Geriatrics Authors: Source Type: blogs