Yes, Medicare provides you with a SEP (special election period) to change your Medicare insurance coverage. Should you plan to move into a different county, contact Social Security @ 1-800-772-1213 (the administrative arm for Medicare) to notify them of your new home address. Your special election period to change your Medicare insurance coverage(s) begins the month of your new…
drug coverage, drug plan, Hmo, making changes under medicare, medicare advantage, medicare drug plans, medicare supplements, part A, Part B, part C, Part D drug plans, special election, stand-alone drug planThe Medicare Advantage Disenrollment Period (January 1 through February 14 of each year) allows an individual 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. By making the change to be on Original Medicare, the individual…
drug coverage, Hmo, making changes under medicare, Medicare, Medicare Advantage Disenrollment Period, medicare supplements, special electionIf you are on Part A (hospital) only, you will need to add Part B (outpatient services). There are 2 forms that need to be submitted to Social Security (the administrative arm of Medicare) to activate your Part B to provide you with a special election period onto Medicare health and drug insurances due to the…
drug coverage, enrolling, leaving employer plan, making changes under medicare, Medicare, medicare advantage, medicare drug plans, medicare supplement, medigap, part A, Part B, part C, Part D drug plans, penalty, special electionShould you move out of a region, you will need to contact Social Security (the administrative arm for Medicare) to notify them of your new home address. Under Medicare you are then entitled to a special election period to change your Medicare insurance coverage(s). It begins the month of your new move and ends 2…
advantage, drug coverage, Hmo, making changes under medicare, medicare advantage, medicare advantage plan, medicare insurance, medicare supplement, medigap, part A, Part B, part C, Part D drug plans, special election, stand-alone drug planIf you want to change to a Medicare Advantage HMO plan, that option is not available to you until Annual Enrollment (10/15-12/7) when you can select an HMO that will cover your medical and drug benefits that would be effective January 1st. Please remember that if you wish to make this change to a managed…
annual enrollment, drug coverage, making changes under medicare, medicare advantage, medicare supplement, medigap, Part B, part C, part d, special election, stand-alone drug planYou can apply for Medicare Part B (outpatient services) during the year if, by your choice or the employer’s choice, you lose the employer coverage. There are 2 forms that will need to be completed (one you complete and the other form the employer completes) indicating the date of loss of coverage. Both forms will need…
drug coverage, drug plans, employer plan, making changes under medicare, medicare drug plans, medicare election period, medicare supplement, medigap, part A, Part B, Part D drug plans, special election, stand-alone drug planMedicare allows you a special election period to enroll onto a modernized Medicare Supplement/Medigap policy as well as a stand-alone drug plan. You will need to obtain from his retiree plan a letter indicating the termination date for your supplement and drug insurance with them; this letter will need to accompany your applications for new medical and…
boomer, drug coverage, drug plans, Medicare, medicare election period, medicare supplement, medigap, Part B, part C, part d, retiree coverage, special election, stand-alone drug plan, termination of retiree insurance coverageIf your mom relocates, Medicare allows her a special election period to change her Medicare insurance coverage if she has moved outside of her current plan’s service area. Social Security (800-772-1213) – the administrative arm for Medicare – would need to be notified. If Social Security is notified the month before the permanent move begins,…
Hmo, making changes under medicare, medicare advantage, medicare advantage plan, medicare drug plans, medicare election period, medicare supplements, medigap, part A, Part B, part C, part d, relocation, special election, special election periodFind out from your Human Resources Department what the cost would be to add her to your company plan. Then factor in what deductibles and copays she could incur for her medical and drug coverage. Next, contact Social Security to confirm what the monthly premium would be for your wife to enroll onto Medicare Part…
drug coverage, employer plan, making changes under medicare, medicare advantage, medicare supplement, part A, Part B, part C, part d, special election, stand-alone drug planYou may be on a retiree plan, and have been on that plan for a number of years. Each year you are provided with information on changes to the plan. These changes may be slight or perhaps the changes being made will affect your current needs both on coverage as well as cost. Individuals on a…
baby boomer, drug coverage, employer plan, Hmo, making changes under medicare, Medicare, medicare supplement, part A, Part B, part C, part d, premium, retiree coverage, special election