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2019 Medicare Open Enrollment starts Oct.15

Medicare’s open enrollment period runs from October 15 through December 7 – and you’ve got a golden opportunity to make changes that might better serve you in the years to come.

Plan benefits and cost-sharing may change from year to year. 

2019 Best Medicare Plans

There’s not one size fits all option or a best plan.

2019 Medicare Steps 1- 4

  • Take your time and search your options.
  • You may be someone who only goes to the doctor once a year or you might be someone who has a long history of health issues.
  • Talk to your doctor and see which type of plan he/she recommends either original Medicare with a Medicare Supplement or Medicare Advantage plan.
  • Discover which Medicare Part D plan fits your needs whether it is a stand-alone plan with a Medicare Supplement or a Medicare Advantage plan with Part D included.

 

What If I enroll wrong in a Medicare Plan?

Many are concerned about what happens if they make the wrong choice by enrolling in a Medicare Advantage plan and need to disenroll to return to original Medicare with a Medicare Supplement.

There are health issues which can keep one from qualifying due to health questions in a Medicare Supplement’s application.

Don’t worry; there are protections in place for this type of situation.

A Medicare rule from the Medicare & You Handbook says: “If you join a Medicare Advantage Plan for the first time, and you aren’t happy with the plan, you’ll have special rights to buy a Medigap policy if you return to original Medicare within 12 months of joining.”

6 ways that a Medicare beneficiary can make a change to their Medicare plans during Medicare Annual/Open Enrollment:

1) Purchase a Part D Medicare Prescription Drug Plan.

2) Change from one Medicare Prescription Drug Plan to a new Medicare Prescription Drug Plan.

3) Enroll in a Medicare Advantage Plan with Prescription Drugs.

4) Change from one Medicare Advantage Plan to a new Medicare Advantage Plan.

5) Return to original Medicare and purchase a Medicare Supplement and enroll in a Part D Medicare Prescription Drug Plan.

6) Return to original Medicare and enroll in a Part D Medicare Prescription Drug Plan.

2019 Medicare and Social Security

If you are already receiving early Social Security benefits, you will be automatically enrolled in Medicare A & B when you turn 65.

If you do not want Part B because you still have creditable group coverage from your employer, when you get your Medicare enrollment package for Parts A & B it will include a page to which your new Medicare card will be attached.

To indicate that you want to decline Part B, the back of that page has a spot to specify that you wish to decline Part B.

That intent should be so marked, and the page returned to Social Security in the postage-paid envelope provided.

If someone is not yet collecting Social Security benefits when they enroll in Medicare at age 65, the option to decline Part B is given as part of the application process, both online and in-office (Part A should be taken because it is free, and also because it’s required to collect Social Security after age 65).

Declining Part B during the application process or by returning your preference via US mail should normally resolve the matter.

However, as with any agency as big as the Social Security Administration or Medicare, timeliness of processing could be an issue and mistakes can be made, and that is what appears to have happened in your case. But either of the methods described above should normally work fine when you wish to decline Medicare Part B coverage.

Questions? Confused about which plan to choose?

Contact Lloyd Schneider at 813-964-7100 or 716-565-1300

Email us at [email protected]

www.MintcoFinancial.com