Enrolling in Medicare
Enrollment is one of the things that Medicare is very specific about. There are certain times throughout the year when beneficiaries can enroll in a new policy or make changes to their existing plan. It’s incredibly important to keep track of these dates and be aware of when they fall, as not doing this could result in being unable to make any changes to your policy until the following year.
If you’re new to Medicare, you’ll be given a seven month period that surrounds your 65th birthday. This period is when you’ll be able to enroll in the policy of your choice without having to pay any additional fees. If you decide to delay your enrollment past this period, then you may end up needing to pay additional fees. It’s typically best to enroll during your initial period, so that you have access to full coverage possibilities.
Automatic Renewal
Medicare policies are automatically renewed each year. This means that you’ll continue to be enrolled in the same policy if you don’t notify Medicare that you’d like to switch policies. Automatic enrollment will save you time, as you won’t need to complete the same enrollment process each year.
If you would like to make a change to your policy, know that is completely possible if it’s done within the right period. Medicare policies can change each year, so that’s one of the biggest reasons why individuals switch plans. Medicare policies change each year so that the coverage is updated and aligns with the newest innovations within medical treatment. Being able to update their plans means that Medicare is providing the best coverage for individuals.
What Automatic Renewal Means for You
If you don’t wish to make any changes to your policy, automatic renewal means that you won’t have to do anything enrollment wise each year. You’ll keep the same policy as long as you continue to make the right payments at the right times.
If you’re interested in switching Medicare policies, reach out to an insurance agent. They’ll be able to help you with the enrollment process and make sure that you’re selecting the plan which is best for your needs. Insurance is an incredibly individualized thing, so take the time required to research and ask all of your questions.
Should You Make Changes to Your Medicare Plan?
Health insurance can be complicated, so we completely understand if you have questions about your Medicare policy. Understanding all the options and how to use your policy to its full extent is important, so we’re here to provide guidance and advice.
We understand the importance of trusting your insurance professionals, so make an appointment to speak with our team today. We look forward to speaking with you and discussing all of your Medicare options. Automatic enrollment means that you won’t have to make any changes to your Medicare plan — unless you want to. If that’s the case, call (316) 260-3331 today.