The Medicare Advantage Disenrollment Period (January 1 through February 14 of each year) allows an individual currently on a Medicare Advantage Plan (HMO) to leave a Medicare Advantage Plan and return to Original Medicare (Part A and B) by signing up for a stand-alone drug plan. However, by electing the stand-alone drug plan, their medical coverage will change to only Original Medicare, making the individual responsible for the copays/coinsurances that Original Medicare Part A and Part B do not cover unless they are able to enroll onto a Medicare Supplement/Medigap plan to cover those copays. Please be aware that individuals applying for a Medicare Supplement/Medigap plan are required to undergo health history underwriting and can be declined by carriers.
The Disenrollment period does not allow for a change from one Medicare Advantage Plan to another Medicare Advantage Plan, nor does it allow for a change from one stand-alone drug plan to another stand-alone drug plan.
The next opportunity for an individual to return to a Medicare Advantage Plan will not be available again until Annual Enrollment (October 15 thru December 7) will be effective on January 1st.