You may have heard of Medicare Open Enrollment that begins on October 15th and ends on December 7th that allows you to make changes for the following year.
There is another “Open Enrollment” period for you to be aware of. The Medicare Advantage Open Enrollment Period (MA OEP) is from January 1st to March 31st of each year.
Medicare beneficiaries who are aging into Medicare or qualifying by disability may enroll into a Managed Care Plan or Traditional Medicare.
Those who have a Managed Care Plan have a one-time ability to leave their present plan to go to another Managed Care Plan or go to Traditional Medicare while also applying for a Medigap plan and Medicare Part D Prescription Plan.
Dual eligible Low Income Subsidy beneficiaries may change plans once per calendar quarter during the first nine months of the year.
Many folks try to navigate Medicare on their own. Seeking the help of an independent licensed agent who works with various plans can help you navigate through the confusion and help to find what plan is best for you! If you need to be referred to a qualified and reputable independent licensed agent in your area, please reach out to Caring Connections of New Jersey by calling 609-960-2265.