If you are familiar with Medicare then you know all about Open Enrollment, right? It’s the part of the year when you can make changes to your coverage with Medicare. The annual Medicare Open Enrollment period begins on October 15 and lasts through December 7, but after that, can you make changes to your coverage? You might be able to if you qualify for a special enrollment period with Medicare.
Life Events = SEP
Things don’t always go as planned, if certain life events happen, you may qualify to make changes to your Medicare Advantage and Medicare prescription drug coverage. Here are a few things that may qualify you for an SEP (Special Enrollment Period).
- You Move
- You Lose Your Current Coverage
- You have a chance to get other coverage
- Your plan changes its contract with Medicare
If you qualify for a Special Enrollment Period, you can change your Medicare health coverage and prescription drug coverage. You can choose from the following types of plans:
- Medicare Advantage plan – You can choose a plan that covers/or does not cover prescription drugs
- Original Medicare – You can choose a plan that does/or does not have a Medicare prescription drug plan
There are more Special Enrollment Period qualifiers found at Medicare.gov. Be sure to read carefully to make sure a situation pertains to you. If you have any questions, we’re always here to help!
Give us a call and we’ll help steer you through the confusing world of insurance!