Should you consider Medicare Advantage for 2011?
posted on October 07, 2010If you have thought about enrolling in a Medicare Advantage plan, this is the time to assess your options. Carriers that are approved to offer Medicare Advantage plans can begin marketing 2011 plans October 1. The Annual Enrollment Period begins November 15 and ends December 31. It is during this time that you can submit an application for a 2011 Medicare Advantage plan. There are several types of Advantage plans available from many different insurance companies. Most insurance companies offer more than one plan in any given service area. Enrolling…Read More
Steps to take if your Medicare Advantage plan is not renewing for 2011
posted on October 07, 2010Medicare Advantage plans are annual plans. When you enroll in an Advantage plan you should be aware that things can change the following year, including having your plan not renew. 2010 is going to prove to be a unique year because there will be a larger number of plan disruptions than previous years. These plan disruptions will be primary caused by one of two circumstances. ■Medicare Improvement Act for Patients and Providers (MIPPA) legislation made changes to the Private Fee-For-Service product (PFFS) which resulted in many carries deciding to exit…Read More
Medicare Advantage Cancellation: Your Options
posted on September 27, 2010If your Medicare Advantage plan is canceled, you have two options: Change to another Advantage plan or return to Medicare and get a Medicare Supplement – with no questions asked. This is called “guaranteed issue”, and it is an option that should be seriously considered. Guaranteed issue means a person who is 70 years old (or 90) with health problems can get a Medicare Supplement plan with no questions asked. A person in this situation will pay the premium rate for his age, but will have no penalty because of…Read More
