This past week marked the beginning of open enrollment for Medicare, the health insurance program available to seniors starting on their 65th birthday and certain people with disabilities. Each year, Medicare recipients have the opportunity to make changes to their Medicare Advantage or Medicare prescription drug coverage for the following year. During this open enrollment period, individuals with Medicare plans may reassess their needs and budget. The open enrollment period started on October 15 and ends on December 7.
What can you do?
- Change from Original Medicare to a Medicare Advantage Plan.
- Change from a Medicare Advantage Plan back to Original Medicare.
- Switch from one Medicare Advantage Plan to another Medicare Advantage Plan.
- Switch from a Medicare Advantage Plan that doesn’t offer drug coverage to a Medicare Advantage Plan that offers drug coverage.
- Switch from a Medicare Advantage Plan that offers drug coverage to a Medicare Advantage Plan that doesn’t offer drug coverage.
- Join a Medicare Prescription Drug Plan.
- Switch from one Medicare drug plan to another Medicare drug plan.
- Drop your Medicare prescription drug coverage completely.
October 15–December 7
The Health Insurance Marketplace Open Enrollment period (October 1, 2013–March 31, 2014) overlaps with the Medicare Open Enrollment period (October 15–December 7, 2013).
You don’t need to do anything with the Marketplace during Open Enrollment.
You don’t need to sign up for Medicare each year. However, each year you’ll have a chance to review your coverage and change plans.
Tips for Medicare’s Open Enrollment: