If you’re over 65 and eligible for Medicare, you may be considering enrolling in a Medicare Advantage Plan (also known as Part C). These plans offer an alternative to Original Medicare that can provide additional coverage, such as prescription drugs and routine dental care. But when is the best time to enroll in a Medicare Advantage Plan? Keep reading to learn more.
When to Enroll in a Medicare Advantage Plan?
The answer to this question will depend on your individual situation. Here are some of the most common scenarios:
- If you’re new to Medicare: During the 7-month period that starts 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65.
- If you’re new to Part B (if you get Part B after your Part A coverage starts): The 3 months before your Part B starts.
- Open Enrollment Period: October 15-December 7
- Medicare Advantage Open Enrollment Period (only if you’re already in a Medicare Advantage Plan): January 1-March 31 / Within the first 3 months you get Medicare.
You may also be able to switch plans outside of open enrollment if you meet certain criteria. For example, if you move out of your current plan’s service area or lose access to necessary services due to changes in the plan’s network, you may qualify for a special enrollment period.
Additionally, if you lose your current coverage or are eligible for both Medicare and Medicaid, you may be eligible for an extended enrollment period.
What You Need To Know Before Enrolling in a Medicare Advantage Plan
No matter when you decide to enroll in a Medicare Advantage Plan, it’s important to compare different plans and read all materials carefully before making your decision. Make sure the plan covers all of the services and medications you need at an affordable cost.
You should also check whether there are any restrictions on where you can get care or how much it will cost out-of-pocket.
Enrolling in a Medicare Advantage Plan can help ensure that your healthcare needs are met while keeping costs manageable. By understanding when and how to sign up for one of these plans, you’ll be better prepared for making an informed decision about your healthcare coverage going forward.
Need Help Making Sense of Medicare Advantage? We Are Here To Help
We are an insurance agency dedicated to becoming a lifetime partner for your Medicare needs. If you need assistance or want to learn more about the alternatives at your disposal, contact our licensed agents today or call 1.888.225.MINT (6468). Our team stands ready to answer all your questions.
