There are only a few more days of Annual Open Enrollment (AEP), which closes on December 7. This is the time where seniors can decide if they want to switch from Original Medicare (Parts A & B) to a Medicare Advantage (MA) Plan (Part C), from one MA Plan to another or from a MA Plan to Original Medicare. Medicare Advantage delivers Parts A & B and often, Part D as well (prescription drug coverage). If you have decided to switch from Medicare Advantage to Original Medicare, you may be considering adding a Medicare supplement plan called Medigap to help pay for some of the out of pocket expenses that Original Medicare doesn’t cover. It’s important to understand the rules, coverage and costs that apply to Medigap so you don’t end up with an unpleasant surprise.
Speak to a Medicare Agent at Premier Benefit Consultants who can walk you through all your Medicare options, including supplement plans, at no charge.
What You Need to Know if You’re Switching to Original Medicare with a Medigap Policy
If you are considering adding a Medigap plan to your Medicare coverage during AEP, you will want to know this basic information:
Medigap plans are sold by private insurance companies. There are thirteen insurers that offer Medigap plans in Hawaii.
Note that the best time to purchase a Medigap policy is when you first enroll in Part B. You get a six-month window to buy without being ask