Local seniors running out of time to make changes to Medicare plans
Time is running out for seniors who need to make changes to their Medicare Advantage and Part D prescription drug plans. The only time those changes can be made is during the Medicare Annual Enrollment Period (AEP), which ends Wednesday, Dec. 7.
Seniors who miss the AEP deadline or aren’t satisfied with their Medicare Advantage or Part D plan will have to wait a year to make changes which could cost them valuable money and access to services they may need to use in 2017.
“Not only do medical needs and plan designs change each year, but there have been significant changes to the networks that certain Part D carriers use,” explained Jeanette Dillon, of Krehbiel Insurance, in Mt. Pleasant. “That’s why it’s so important that seniors review their options and make changes before the deadline on Dec. 7. Their plan choice will essentially be locked in until next year’s AEP.”
While seniors may not be able to change their Medicare Advantage or Part D plan after the AEP deadline, they can disenroll from a plan during the Medicare Advantage Disenrollment Period (MADP). The MADP occurs every year from Jan. 1 to Feb. 14.
“During the MADP, seniors can return to original Medicare to replace the plan they disenrolled from,” further explained Dillon. “However, a new Medicare Advantage plan cannot be selected until next year.”
Local seniors needing to make plan changes before the end of the Medicare AEP should contact a local health insurance agent who has been certified to sell Medicare Advantage and Part D plans before Dec. 7.