As the new year begins, so does an important opportunity for Medicare recipients—the Medicare Advantage Open Enrollment Period (OEP). This special window from January 1 to March 31 allows you to make changes to your current Medicare Advantage (MA) plan if it’s no longer meeting your needs.
What Can You Do During the OEP?
- – Switch from one Medicare Advantage plan to another.
- – Return to Original Medicare and enroll in a standalone Part D (prescription drug) plan.
However, you cannot switch from Original Medicare to a Medicare Advantage plan during this period.
Why Consider Changes?
The Annual Enrollment Period (AEP) in the fall may have brought changes to your plan’s coverage, premiums, or provider network. If you’re noticing unexpected costs or limitations, the OEP is your chance to find a plan that better suits your needs.
What to Watch For?
- 1) Provider Networks: Has your preferred doctor or specialist left your current plan’s network?
- 2) Prescription Coverage: Are your medications still covered at affordable rates?
- 3) Plan Costs: Did your premiums, deductibles, or copays increase significantly?
Steps to Take:
- 1) Review Your Plan: Check the Annual Notice of Change (ANOC) sent by your carrier to understand any modifications to your current plan.
- 2) Evaluate Your Needs: Make a list of your healthcare priorities, such as specialist access, low prescription costs, or specific health benefits like dental or vision.
- 3) Get Help: At West Compass Insurance, we’re here to guide you through the process. Contact us to explore your options and find a plan that fits your unique needs.
Don’t let this window of opportunity pass without ensuring your health coverage aligns with your goals for 2025. If you need assistance navigating your choices, reach out today—we’re here to help!
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For more information about Medicare visit: https://westcompassinsurance.com/medicare-basics/