Medicare is a health insurance plan offered by the United States federal government. It offers people different ways of getting Medicare benefits. However, these plans run by private insurance companies. It includes several health plans which are; Medical insurance (Part A), hospital insurance (Part B), Medical prescription drug plan (Part D) and the Medicare Advantage (Part C). We will be reviewing Part C below.
In C, there are additional benefits without having to coordinate between A, B, and D.
There are certain periods you can enroll for the Part C plan. It could be in any one of the following periods;
- Within the 7-month period that begins 3 months before you attain the age of 65; this includes the month before and 3 months after.
- Between October 15 and December 7; you can join, switch or opt out of your current plan.
- You can opt out between January 1 and February 14, and return to your original one. From this period till October 15, you won’t be allowed any opting out. There are also special enrollment periods, which is from December 8 to November 30.
If your annual contract is not renewed with Medicare, you will be able to switch to a different plan or return to Original one.
You are eligible to enroll if you fall within the following criteria:
- You are already enrolled in A or B.
- You live in the plan’s service area.
People who are on Medicare due to one disability or the other are also eligible.
What do I need to know before enrolling?
Here are some things you need to know before enrolling in Advantage:
- See if your doctors, hospitals, and other providers accept whatever option it is that you choose. Ask if they are in-network or out-of-network. Being out-of-network could make you incur more cost.
- Make a comparison with all the options available to you before making a decision. Health care providers cannot predict when your health will fail, but they can assist in managing it.
- You have to drop Medical Supplement plan. It does not work here like in your original one.
- You will continue to pay for B premium.
- Not all drug coverage is included in C.
- After enrolling, make sure to review the Annual Change of Plan your company will send you. There could be a change in the cost and services rendered.