Information you need to live a happy, worry-free retirement!
Originally published December 27, 2016, last updated January 4, 2017
Happy New Year! A new year often marks new beginnings, and that’s also the case for some Medicare beneficiaries who may be unhappy with their plans.
Jan. 1 through Feb. 14 is the annual Medicare Advantage Disenrollment Period. As the name implies, this is only for people with Medicare Advantage plans, including those who have Medicare Advantage plans that include prescription drug coverage, called MA-PD plans.
If that’s you, the Medicare Advantage Disenrollment Period is when you can disenroll from a Medicare Advantage plan and then get your Medicare Part A and Part B through Original Medicare. But there are some important things to know before you disenroll:
Should you decide to disenroll, the disenrollment from your Medicare Advantage plan goes into effect the first of the month after you make the request.
If you have any questions or are considering disenrolling, call the Licensed Insurance Agents at Medicare MarketPlace® at 1-800-639-0781. They can help you explore your other options, avoid common and often costly mistakes people can make when disenrolling, and see if a Medicare Supplement health insurance plan and prescription drug plan could be a better fit.