Medicare Open Enrollment for 2021 begins October 15 and ends on December 7, 2020.
What is Medicare Open Enrollment?
Medicare Open Enrollment is a period of time every year (October 15 through December 7 for 2021) when people currently enrolled in Medicare can decide whether to change part or all of their Medicare coverage for the next year after they compare current coverage against all the other Medicare Plans on the market. If they find a more beneficial Medicare Plan, they can choose to drop or add the better plan during this Medicare Open Enrollment Period.
However the Open Enrollment Period cannot be used to enroll in Medicare Part A and/or Medicare Part B for the FIRST time. Find more information about Medicare Part A and Medicare Part B HERE.
Here are some highlights for 2021.
The premiums for Medicare Advantage Plans are now at their lowest since 2007. Premiums in 2021 are, on average, 34% lower than they were in 2017.
The number of Medicare Advantage Plans is greater than ever before.
Medicare beneficiaries in 2021 might be able to join a Medicare Prescription Drug Plan (Medicare Part D) that would offer many types of insulin at a GREATLY reduced cost under a NEW Part D Senior Savings Model.
There continue to be many changes to Medicare Supplement Insurance Plans, Medicare Advantage Plans, and Medicare Part D prescription plans. The staff at Key Options is here to help you understand the various available Medicare Plans, as well as other health care options that may be available to you, and choose the best health coverage for individual needs.
As a Medicare agent, Kathy Olivier is available to help you consider Medicare Supplement vs. Medicare Advantage Plans, answer all of your questions and help you find the plans that will provide the best health care benefits for you at the lowest cost.