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Medicare Insurance
What happens when Medicare’s open enrollment ends?
Medicare beneficiaries who have enrolled in a new Medicare Part D prescription drug plan or in a Medicare Advantage Plan for 2015, they may have more options available to change plans since Medicare’s open enrollment ended on Dec. 7th.
For example, if a beneficiary received a letter at the end of this year advising that he or she are no longer eligible for Extra Help, they may switch his or her Part D plans between Jan. 1 and March 31, 2015.
This will allow additional time for people to review their plan offerings and make sure he or she is enrolled in the right plan.
Another special situation, which allows those receiving Medicare to switch plans after the end of open enrollment concerns those who are signed up for Medicare Advantage Plans. The individuals may drop their Advantage plan between Jan. 1 and Feb. 14.
They are allowed to enroll in stand-alone Part D plan prescription drug plans, but they must submit his or her enrollment request for Part D plans no later than February 14, 2015.
