If you want Medicare Advantage plans 2021 to make a difference to your life, you need to be quite watchful about the dates that have been mentioned in the title of this article: 1st of January and 31st of March. Basically, these are the three crucial months when you can decide what to do with the financial planning that you need to complete in a specific year. It is in this period that you can make the changes that you wish to; hence, this is referred to as the Medicare Advantage Open Enrolment Period. There are of course a couple of provisos if you want to make these changes. These stipulations are subject to change, based on the general insurance trends and practices in the country and are laid down by federal government authorities.
From Advantage To Advantage
Why would you want to shift from one Advantage Plan to another? Well, the answer is quite simple – most often than not, it is the cost of coverage and the scope of it as well. There are people who have their ear to the ground, constantly watching out for subtle changes in the insurance plans offered. These are the wise ones who decide to move from one Medicare Advantage Plan to another, within the time that is stipulated for the same. The other thing that you can do, is to drop whatever Medicare Advantage Plan you have taken and return to the Original Medicare that you earlier had. In fact, you also have the flexibility to join a Medicare drug plan too.
Find Out What Is Not Allowed
The disallowed actions in this period are primarily as follows: one, you cannot make the switch from your original Medicare to a Medicare Advantage plan; second, if you are in original Medicare already, you cannot join a Medicare drug plan, and finally, you cannot make the switch in Medicare drug plans if you are already in an Original Medicare plan. Though, on the face of it, you feel a bit boxed in; in reality, it is not. The government gives you a lot of leeway in choosing the plan that will suit your purpose and help you pay the money that you can afford.
It is not necessary for you to sleepless nights wondering how to manage payment of premiums on an Advantage plan. Just bite off only as much as you can chew!