Understanding Medicare Annual Election Period

The Difference Between Plan F and Plan GAs most Medicare recipients know, October 15 to December 7 is the Medicare Annual Election Period. During this time, you may make changes to your Medicare Advantage or Medicare Prescription Drug plan. Any changes made during this time will take effect on January 1. (more…)

Medicare is not Free

Nine Things to Know About Medicare Supplement Plans (Medigap)Many people, both young and old, are surprised to learn that Medicare is not free. Though many of us have paid into Medicare for 40 years or more, we still pay for Medicare benefits whether we use them or not. This is the reason I get upset when I hear people call Medicare an entitlement program for seniors. (more…)

Some Seniors Surprised To Be Automatically Enrolled In Medicare Advantage

You may think you have original Medicare, but a health insurance company can enroll a member of its marketplace or other commercial plan into its Medicare Advantage coverage when that individual becomes eligible for Medicare. Called “seamless conversion,” the process requires the insurer to send a letter explaining the new coverage, which takes effect unless the member opts out within 60 days. (more…)