Covering the Bases: What to do when your Medicare Advantage plan will no longer be offered –

I just received notice that my Medicare Advantage plan will no longer be offered for 2018. What do I need to do?

If you have received notice that your Medicare Advantage plan is longer offering coverage in your area you have two options: return to Original Medicare, or select another Medicare Advantage plan.

Technically, you have until Feb. 28 to make a decision. However, it is recommended you make your decision prior to Dec. 7 to have complete coverage by Jan. 1.

Option 1: If you decide to return to Original Medicare, you will want to consider enrolling in both a Medigap plan and a Medicare Part D drug plan. Read the notice you received from your Medicare Advantage plan; it should indicate that you have a “guarantee issue right” for certain Medigap plans (Medicare supplemental insurance). Medigap plans are standardized plans designed to help cover your out-of-pocket costs for Original Medicare parts A (hospital) and B (medical).


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