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Article from Forbes.com

The Medicare Open Enrollment Period is in full swing. From October 15 through December 7 every year, Medicare beneficiaries have the chance to review their drug and Medicare Advantage plans. During this time, they can also add or drop Part D prescription drug coverage or Medicare Advantage plans, and switch from Original Medicare to Medicare Advantage or vice versa.

As with most things in life, there are several misconceptions about what you can do during this time. Here are five that I have heard more than once.

1) I turn 65 on December 2 and just found out that I must get all my Medicare applications done by December 7.
2) My Initial Enrollment Period ended December 31, 2021, and I didn’t enroll. I plan to apply before the end of the Open Enrollment Period.
3) I recently retired, enrolled in Medicare Part A and Part B, and need to get a Medicare supplement plan. Social Security told me I must do that by December 7, the end of Open Enrollment.
4) I need help during the Open Enrollment Period because I want to get a different Medicare supplement plan.
5) I turned 65 in April. I need to figure out how to renew my Medicare.

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Blog by Ruth Hoffman – Medicare Benefits Specialist

Learn more about Ruth and the rest of the Storen Financial team here.