Your children may want you to have more freedom of choice regarding physicians, skilled nursing facilities, etc.; however, there is a monthly premium to have a Medicare supplement/Medigap policy and that premium is based on your age. Since you would be requesting election onto the Medicare supplement, you would have to undergo health history underwriting and could be declined. If approved, in addition to the premium you would pay for the Medicare supplement, you would also have a monthly premium to enroll onto a stand-alone drug plan, along with any out-of-pocket costs for your drugs.
First find out what your Medicare supplement would be and review it to see if you would be able to pass their health history underwriting to become effective 1/1/14. Then determine during Annual Enrollment (10/15 – 12/7) which stand-alone drug plan would cover all your prescription drugs most cost effectively. You would apply for both the Medicare supplement and stand-alone drug plan during Annual Enrollment.
If you were accepted onto the Medicare supplement as of January 1st, along with the stand-alone drug plan, your next opportunity to select to change back to a Medicare Advantage/HMO is typically during the Annual Enrollment in 2014, with your change to be effective 1/1/15.