Medicare Open Enrollment: Oct. 15 – Dec. 7by Denise Early on Oct. 15, 2013, under Health
Today is the first day of Medicare Open Enrollment (OEP, also called “annual enrollment period”). Here are a few things to know about the Medicare OEP.
People on Medicare do not need to pay attention to the marketplaces that are part of Obamacare. Obamacare is mainly about getting health insurance for millions of Americans under 65. Medicare is health insurance for people over 65 and people under 65 with certain disabilities.
If you like your current coverage, you don’t need to do anything. Your current Medicare Advantage plan, or Part D plan, or Medicare supplement will roll over into 2014. You do not need to re-enroll.
You do need to read the information your Medicare Advantage plan sent to you at the end of September. The Annual Notice of Change tells you how your Medicare Advantage plan, or your Part D plan will change for 2014. And some plans have significant changes.
I recently wrote about the First Health Part D Value plan that is doubling its premium from $26 to $53. And UnitedHealthcare is dropping Silver Sneakers from its AARP Medicare Complete Plus (HMO-POS) plan here in Tucson. I don’t know about other states.
Unfortunately, Medicare.gov has lots of incorrect information about Medicare Advantage plans and Part D plans. This is making it difficult for me to do research for clients, and I’ve told some that we need to wait a while before I try to compare plans side-by side. I hope we don’t have to wait too long because there are only about 45 days in the Medicare Open Enrollment Period.