For people who want to change their mind, know whether you can change your existing Medicare Advantage Plan for 2019

The most important thing is to read thoroughly and understand properly all the available policies before signing up or switching to a Medicare Advantage Plan for 2019.

Getting eligible for applying any Medicare Advantage Plan requires the applicant to hit the age of 65 or once a year during the Annual Enrollment period.

In a Medicare Advantage Plan, the insurer presents the customer with various sets of finance structure called policies. The customer has to pay some money for the health care benefits that can be availed in the future or in other words when the plan will get matured. The money is paid as premiums or payroll tax.

In recent times, most of the Medicare Advantage Plan comes with an annual Deductible in order to help you keep your monthly premium down. You pay a Co-pay or a Coinsurance for only the services you use and not for the ones you don’t.

 

What’s actually a Medicare Advantage Plan?

 

Medicare Advantage Plan is a health insurance that covers a part or whole of the expenses for the healthcare benefits according to the agreement of the insurance. In a Medicare Advantage Plan, the insurer presents the customer with various sets of finance structure called policies. The customer has to pay some money for the health care benefits that can be availed in the future or in other words when the plan will get matured. The money is paid as premiums or payroll tax. They can be monthly, quarterly or annually.

 

So, what’s after the cost is decided and want to change or join a Medicare Advantage Plan for 2019

 

If you want to change your existing plan or signup for a new Medicare Advantage Plan for 2019, you can only do it once a year during the annual Medicare Open Enrollment period which is a 7-week program from October 15 to December 7.

 

There is one more thing you better know before applying for one or changing your current Medicare Advantage Plan for 2019. For the ones who are enrolled in a Medicare Advantage Plan for over a year, they will not be able to enroll inĀ  Medigap policies. Medigap Policy helps in filling the cost gaps in Original Medicare.

 

There are many Medicare Advantage Plans 2018 available. So make sure going through all of them before choosing for one.

For any query related to Medicare and Medicare Advantage Plan, you can check the official website- www.medicare.gov