How does a Special Enrollment Period (SEP) work for Medicare plans?
The Medicare Special Enrollment Period (SEP) offers flexibility for individuals who experience specific life events that allow them to make changes to their Medicare Advantage or Part D plans outside the standard enrollment periods. Unlike the general Medicare enrollment windows, such as the Annual Enrollment Period (AEP), which have fixed dates, the SEP is triggered by qualifying life changes.
Read More5 Important Questions to Ask Before Letting Your Medicare Benefits Auto-Renew
Before letting your Medicare benefits auto-renew, it’s important to review your current plan to ensure it continues to meet your needs. HealthMarkets outlines five essential questions to ask before allowing your Medicare plan to renew automatically.
Read More5 Key Questions to Ask When Selecting a Medicare Advantage Plan
If you're considering a Medicare Advantage plan, it's important to ask key questions to ensure you're selecting the best coverage for your needs.
Read MoreMedicare Part D Coverage: Prescription Drug Insurance for Medicare Beneficiaries
Medicare Part D is a prescription drug coverage plan that helps Medicare beneficiaries pay for their prescription medications. Offered through private insurance companies approved by Medicare, Part D is designed to lower the cost of prescription drugs and provide access to a wide range of medications.
Read MoreMedicare Supplement Coverage: Enhancing Your Medicare Benefits
Medicare Supplement Insurance, also known as Medigap, is designed to work alongside Original Medicare (Part A and Part B) to cover costs that are not fully paid by Medicare. These costs can include deductibles, co-pays, and coinsurance. Medigap policies are offered by private insurance companies and help fill the gaps in coverage provided by Medicare, offering more comprehensive protection and financial security.
Read MoreMedicare Advantage Coverage: A Comprehensive Approach to Health Insurance
Medicare Advantage, also known as Medicare Part C, is an alternative to Original Medicare (Part A and Part B) offered by private insurance companies approved by Medicare. Medicare Advantage plans provide a bundled approach to healthcare coverage, combining the benefits of hospital insurance (Part A) and medical insurance (Part B) into a single plan. Many Medicare Advantage plans also include additional benefits that are not covered by Original Medicare.
Read More