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The Medicare open enrollment period ended on December 7th. Did you know that there is an annual Medicare Advantage Disenrollment period that goes from January 1st to February 14th? During this time, you can leave your Medicare Advantage plan and return to original Medicare along Medicare Part D prescription drug plan. You may also purchase a Medicare Supplement, but be aware that the Medicare Supplement plan is not a guarantee issue and you will be required to meet the medical underwriting requirements to determine if the Medicare Supplement plan will issue you a policy.

The effective date of disenrollment is the first day of the month following the date the disenrollment request is received. Disenrollment requests received by Medicare Advantage plans in January are effective February 1st; those received February 1st through February 14th are effective March 1st.

What you can do:
If you have a Medicare Advantage plan with prescription drug coverage:

  • You can return to original Medicare along with prescription drug plan.
  • You can return to original Medicare along with prescription drug plan and a Medicare Supplement (if you qualify)
  • You can return to original Medicare without a prescription drug plan.

If you have a Medicare private fee-for-service plan (PFFS) that does not have prescription drug coverage but you have a stand-alone drug plan:
You can return to original Medicare but you must keep your current prescription
drug plan.

What you cannot do:

  •  You cannot switch from one Medicare prescription drug plan to another.
  • Join, switch, or drop a Medicare Medical Savings Account (MSA).
  • You cannot switch from original Medicare to a Medicare Advantage plan
  • You cannot switch to one Medicare Advantage plan to another.

Please do not hesitate to contact me if you have any questions or need clarification on any Medicare subject, especially one as important as changing your coverage. Medicare insurance coverage is a very important part of your life, and you really need to have all the facts in order to make a knowledgeable decision.

Remember, there is never a fee for my services and you are under no obligation to use them.

We are here to help.