CRACKING THE CODE Understanding Medicare Parts C and D

Chapter 5: Navigating Medicare Enrollment

Compare Plans: Once you've identified the plans available in your area, compare them based on factors such as monthly premiums, out-of pocket costs, coverage for your medications and healthcare services, network of doctors and hospitals, and additional benefits. Enroll in a Plan: You can enroll in a Medicare Advantage plan during certain enrollment periods: Initial Enrollment Period (IEP): The IEP starts three months before your 65th birthday month and lasts for seven months, ending three months after your birthday month. During this period, you can sign up for a Medicare Advantage plan for the first time. Annual Enrollment Period (AEP): Occurs annually from October 15 to December 7. During this time, you can switch or enroll in a Medicare Advantage plan. Special Enrollment Period (SEP): For certain qualifying events such as moving to a new area, losing other coverage, or becoming eligible for Medicaid.

Enroll in a Prescription Drug Plan (Part D): If the Medicare Advantage plan you choose doesn't include prescription drug coverage (Part D), you can enroll in a standalone Part D plan. Follow similar steps as above to research, compare, and enroll in a Part D plan that covers your medications at a reasonable cost. Complete Enrollment: Once you've selected a plan, you can enroll online through the Medicare website, by calling Medicare's toll-free number, or by contacting the insurance company directly. Make sure to have your Medicare card and other relevant information handy. Review Your Coverage Annually: Medicare plans can change their coverage and costs from year to year, so it's essential to review your plan annually during the Annual Enrollment Period to ensure it still meets your healthcare needs.

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