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Original Medicare and Medicare Advantage both offer you health insurance but are delivered in different packages and price points. Weigh each of the following factors before making a decision ...
Open enrollment period: Medicare’s open enrollment runs from October 15 to December 7. During this window, you can switch from Original Medicare to Part C, or from Part C back to Original Medicare.
This is a key year to think about making a switch due to trends in Medicare Advantage plans, rising prescription costs and Medicare itself.
Medicare is a federal health insurance program in the United States for people age 65 or older and younger people with disabilities, including those with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). It was begun in 1965 under the Social Security Administration and is now administered by the Centers for Medicare and Medicaid Services (CMS).
The Medicare Prescription Drug, Improvement, and Modernization Act, [1] also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003. [2] It produced the largest overhaul of Medicare in the public health program's 38-year history.
Medicare Advantage (Medicare Part C, MA) is a type of health plan offered by Medicare-approved private companies that must follow rules set by Medicare. Most Medicare Advantage Plans include drug coverage (Part D).
The annual Medicare open enrollment period runs from Oct. 15 to Dec. 7 each year. ... So if you go back to the first thing, you need to understand the various enrollment periods for Medicare ...
If a plan stops participating in Medicare, the person enrolled in the plan can choose to go back to Original Medicare or join another Medicare Advantage plan.