Time is running out to sign up for a Medicare Advantage plan for 2020. Medicare’s annual open enrollment period ends on December 7th. This is the only time of year you are able to change or sign up for a plan, except if you qualify for a special enrollment period.
If you miss this open enrollment period, you won’t be able to until November of 2020.
What are the benefits of a Medicare Advantage plan?
Many people are overpaying for a Medicare supplement plan and may save hundreds or thousands of dollars a year by switching to a Medicare Advantage plan. Does that sound appealing to you? Read on to learn more!
A Medicare Advantage plan may greatly reduce your costs if you currently have a Medicare supplement plan. Some Medicare Advantage plans start as low as $0. Can you say that about your current plan?
A Medicare Advantage plan also often offers benefits that Original Medicare does not, like vision care, prescription coverage, and routine dental care to name a few. Added extras like these can make a huge difference in healthcare not bankrupting you.
Perhaps the best feature, Medicare Advantage plans have maximum out-of-pocket limits. After these limits are hit, the plan pays 100% of medical expenses thereafter. Original Medicare doesn’t have these type of stop loss limits, so there is no maximum on how much you’d have to pay if something serious happened. This security is invaluable. Even if you’re not anticipating getting sick or hurt, it’s always a possibility you should plan for to protect yourself financially.
Call us Today!
Compare your current plan to a new Medicare Advantage plan, and see how much you might be able to save. There is absolutely no cost to talk to us, though our advisors are very busy and may be booked up by the time you read this. The deadline for this year’s open enrollment is December 7th.
Don’t forget or delay and miss this deadline! It might cost you.
Jim Corn is a Personal Benefits Manager at MediGap Advisors. Jim has a passion for bringing clarity to those confused about Medicare. He is an authority on Medicare, Medicare supplement plans, Medicare Advantage plans, and Part D prescription drug plans. Read more about Jim on his Bio page.