During Open Enrollment (between October 15 – December 7) Medicare beneficiaries can change their Medicare Advantage/HMO plans and/or Stand-alone prescription drug plans. The effective date of the change will be 1/1/2014.
If someone is on a Medicare Advantage plan but now wants to switch to a Medigap/Supplement plan, they can go ahead and sign up for a Stand-alone drug plan, which will “kick out” the Medicare Advantage HMO plan they are on, but will need to apply for the Medigap/Supplement plan and undergo health history underwriting before being approved. Please be aware that individuals can be declined for a Medigap/Supplement Plan as a result of undergoing health history. They should be aware that then being on Medicare Part A and B only for their medical needs will leave them with financial liability for the coinsurances not covered by Medicare.