Fall Open Enrollment
We hope everyone is staying safe and healthy. We look forward to supporting you during Fall Open Enrollment, which runs October 15 through December 7, and is the time of year when you can make changes to your Medicare coverage. The last change you make will take effect on January 1, 2021. It is important to take action to make sure your coverage will meet your needs in 2021.
Know the changes you can make during Fall Open Enrollment. The changes you can make include:
- Joining a new Medicare Advantage Plan or Part D prescription drug plan
- Switching from Original Medicare to a Medicare Advantage Plan
- Switching from a Medicare Advantage Plan to Original Medicare (with or without Part D)
Summary of Your Medicare Coverage Options
- Medicare coverage directly through the federal government
- Includes Part A (hospital insurance) and Part B (medical insurance)
- Drug coverage through separate stand-alone Part D plan
- Can see any provider who accepts Medicare
- Medicare coverage through a private health insurance plan
- Includes Parts A, B, and usually D
- May cover certain services that Original Medicare does not, like dental cleanings or a gym membership
- Usually have to see an in-network provider to receive covered services at lowest cost
Part D (prescription drug coverage)
- Can be a stand-alone Part D plan or part of a Medicare Advantage Plan
- Covered drugs and costs vary by plan
- Preferred network pharmacies offer the lowest costs
Review your coverage for 2021
Medicare Advantage and Part D plans usually change each year. Make sure that your drugs will still be covered next year and that your providers and pharmacies will still be in the plan’s network.
If you have a Medicare Advantage Plan or a stand-alone Part D plan, read your plan’s Annual Notice of Change and/or Evidence of Coverage (EOC). Explore other plans in your area. You may find a cheaper plan that meets your healthcare and prescription drug needs. Research shows you can lower your costs by shopping around.
Medicare Advantage Plans have significant flexibility in the supplemental benefits they are allowed to offer their members. This includes the ability to offer benefits to some members that are not directly considered medical care, like nutrition services.
This means that there are many factors to consider when comparing Medicare Advantage Plan options during Fall Open Enrollment. Carefully review your plan’s EOC and any other plan materials. If you are considering a new plan that offers its members additional supplemental benefits, make sure to find out about the costs and coverage restrictions associated with those benefits.
It’s a good idea to schedule your Medicare review appointment with your Connexion Medicare Specialist now before schedules get filled up. You can do that by clicking going to medicareconnexion.com, clicking the ‘Schedule a Complimentary Consultation’ button, and selecting your Medicare Specialist’s name. If you don’t have a Connexion Medicare Specialist yet, you can choose ‘No Preference’ to book the first earliest time. We look forward to hearing from you!