Time Is Running Out for Medicare Plan Enrollment!
Posted on December 16, 2010
With December 31st just around the corner, the annual Medicare enrollment period is almost over! Making the most suitable choice on your Medicare plan(s) the first time is extremely important.
Why? The options for what was known as “open” enrollment (to make changes if you don’t like what you chose during the annual enrollment period) are different than in previous years. For 2011, the open enrollment is now the Medicare Advantage Dis-enrollment period:
Changes can only be made from January 1 to February 15, 2011 (which is six weeks shorter than allowed previously)
In that time frame, your ONLY option is to drop out of a Medicare Advantage and opt for traditional Medicare and a Medicare D plan
So, if you have yet to enroll for your Medicare plan, make sure to check out your options thoroughly and get your enrollment in by December 31st! For a helpful guide on doing this, we found Mark Miller’s article to be quite informative: http://retirementrevised.com/money/how-to-shop-for-medicare-d-drug-plans-this-fall.
You may also wish to visit Medicare.gov’s Plan Finder tool to compare coverage options.