What is the Annual Election Period for Medicare Supplements?

The Medicare Annual Election Period will run from October 15th through December 7th, as you may have heard. This is an excellent time to switch your Medicare Advantage plan because there are so many options available. Furthermore, if you have a Medicare Supplement (Medigap) and Prescription Drug Plan, this is a great time to evaluate your current medications, ensure that your plan still covers the pharmaceuticals you take, and confirm that your medication tier hasn't changed.

Many people on Medicare Supplement plans to view this period as an opportunity to switch from one Medicare Supplement plan to another without regard to their health state. True, this is not always the case.

You can switch your Medicare Supplement at any time, but you will have to go through the underwriting procedure. When you meet with an agent to enroll in a Medicare Supplement, they will ask you a series of health questions before submitting your application to the insurance company for approval. That insurance company will very certainly look over your medical records, prescriptions, and other information to see if you are eligible to join their plan.

In this circumstance, you should definitely consult with a registered independent insurance agent that specializes in Medicare Insurance and can assist you in determining which supplemental plan is best for you.

Also Read: Is Medicare Supplement Cheaper than Medicare Advantage?

Customers of Medicare Supplement frequently express worry that their charges are no longer affordable. Many people believe that they should review their Medicare Advantage Plan choices. This is something you should do every year during election season. Before making such a change, there are a few things to think about. We strongly advise you to talk with a registered independent insurance agent in your area to determine whether or not the change is appropriate for you.

Here are a few crucial things to think about:

• If I became critically ill, would I prefer to consult with a doctor from my -insurer's network or consult with a doctor of my choice?

• Would my Medicare Advantage Plan's out-of-pocket maximum be reached?

• Do my doctors participate in the Medicare Advantage plan that I'm considering?    Learn more: How Do I find a Primary Care Physician near me who accepts medicare

There are a lot of other topics to talk about. Our agents at Medicare Services always conduct a thorough needs analysis to get to know you and your unique situation. We recognize the importance of making healthcare choices, and we do so on your terms.

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