If you are on Original Medicare, you are not allowed to switch to a Medicare Advantage plan during the Medicare Advantage Open Enrollment period.
The only time you can do this is during the Medicare Annual Enrollment period, which runs from October 15th – December 7th every year.
While you are not allowed to enroll in a Medicare Advantage plan during this time, if you are on Original Medicare and unhappy with your coverage, you can change your Medicare Supplement.
You actually can change your Medicare Supplement 365 days a year, there is no period you have to wait for.
Medicare Supplements are standardized, meaning if you have a Plan G with one company, a Plan G from another company offers the exact same benefits. The only difference between the two companies is the price they charge.
While you will have to answer some health questions to switch, working with a broker will allow you to understand what companies you qualify for before applying.
We recommend our clients look into changing their Medicare Supplement every 2 years. You can save $1,000s over your lifetime by just switching to a lower priced company every few years, and you get to keep the exact same coverage!
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