1966 is remembered as the year when Medicare was first introduced. The coverage aims to offer coverage to individuals above 65 years of age and those who are below this age but have some disabilities. More than 60 million Americans today make use of this kind of health coverage. People who make use of Medicare can utilize hospital insurance which is Medicare Part A or medical insurance which is Medicare Part B or the prescription drug coverage which is the Medicare Part D. In case you would like to change your present coverage, you are likely wondering when the Medicare open enrollment is on. The truth is that the question is valid since the last thing you would want is to have the current Medicare open enrollment period to pass, leaving you with no option but to wait for the next Medicare open enrollment period. If you would like to know more concerning Medicare open enrollment, read on.
You need to start by understanding what Medicare open enrollment is. But even before you get to appreciate what Medicare open enrollment is, you should understand the meaning of the Medicare open enrollment period is. During the medicare open enrollment period, you get the opportunity to make the right changes to varying features of your coverage. This is the period when you can effect changes that you may need to effect to ensure that the plan suits your needs. During the open period, you can effect varying changes, but we are going to mention just a few.
If you would like to have a Medicare Advantage plan, you can switch from the Original Medicare plan. It is also during this period that you can change your present Medicare Advantage plan. In case the Medicare Part D is not good for you, and you would like another plan, you can switch during this period. You should know that it is near the year-end when Medicare open enrollment takes place. If you would like to change your 2020 Medicare plan, you should take advantage of the Medicare open enrollment that will begin on 15 October this year and will close on 7 December this year. You should start to think about the changes you plan to make early enough to avoid the last-minute rush.
You will not need to make changes to your current Medicare health plan if the one you have is okay with you. When you have no changes to make, you will not require to mind about Medicare open enrollment period. If your plan does not discontinue due to some reasons, it will auto-renew to the next year without your intervention. Since there may be changes in the plan annually, make sure that you check if there are any changes.