Last of a three-part series.
Medicare’s annual election period runs from Oct. 15 through December 7.
And that’s the best time to switch from a Medicare Advantage plan to a Medigap plan, according to Jae Oh, author of Maximize Your Medicare.
According to Oh, it’s critical that your Medigap carrier your application before you switch out of your Medicare Advantage and sign up for a standalone Part D plan. The worst outcome, he says, would be to have your Medigap application denied and choose a Part D plan. That would “eject” the Medicare Advantage plan that you may have in place and leave you without additional health benefits, said Oh.
Watch Oh’s videos on the topics on YouTube. Also read Buying your Medigap policy.
So, why might you switch from a Medicare Advantage plan to a Medigap plan?
There are a few reasons, according to Oh. The annual contracts are