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Medicare Open Enrollment 2020 - 2020 Medicare Annual Enrollment & Medigap Open Enrollment

I'm gonna talk about Medicare's open enrollment period also called annual

election period so confusing they don't even know what to call it so I'm gonna

show you the things that you should do and things you shouldn't do and kind of

what you need to consider during Medicare open enrollment so stay tuned

ok let's talk about Medicare open enrollment period also called annual

election period so again kind of crazy that they don't even have a name for it

that they can be specific with it creates a lot of stress for people that

are over 65 on Medicare trying to figure out what in the world they need to do

during Medicare open enrollment period so I'm Keith hour and break I'm founder

of Medicare on video and I help people across the country with their Medicare

choices and I can absolutely help you as well so explain this and make it as

simple as we possibly can so that you know what maybe you should do what you

shouldn't do and kind of how to make sure that you don't mess it up because

this is the time of year that you could absolutely mess it up so we want to make

sure we understand what our choices are so first of all let's talk about the

dates and the dates are super important they are hard dates if you miss the date

that's you know you don't have any choice they're not going to give you a

little leeway here they're so open enrollment starts on October 15th it

runs through December 7th and then whatever choice you made in that period

of time becomes effective on January 1st so you got to make your choice between

October 15th and December 7th and then it becomes effective on January 1st and

one thing I can tell you right now do it early if you're going to do something on

December 6 it's probably not going to work out for the best so make sure you

do this early and in the end of October really is the best time to start

everything get it done get it over with and then you're not to worry about

anymore so what's going to happen during this period of time number one you're

going to be inundated with information your mailbox is going to be full there's

going to be so much information mostly from Medicare Advantage plans telling

you great they are and you should come to

them and they'll make it easy for you to make that choice so just understand and

slow down and don't necessarily believe everything that you read without doing

some investigation into it so that you understand exactly what your choices are

now this year we also get the luxury of having an old quarterback on TV it seems

like on every show here comes the old guy telling us how excited he is that he

gets free rides to the doctor now so I seems kind of crazy to me that a

quarterback would be excited about free rides to the doctor but you're gonna see

commercials all over the place then again primarily Medicare Advantage plans

that are trying to recruit you to come in to their plan so let's start off with

number one what do we have now so what did you choose when you came into

Medicare when you came into Medicare you pretty much had two choices you either

decided to stay on Original Medicare which is Medicare a Medicare B you

probably got a supplement to cover what a and B does not and you probably got a

Medicare drug plan or you made the choice to go into a Medicare Advantage

plan which kind of takes you away from Medicare and gives you into the kind of

area of an insurance character so you have a network of doctors a network of

hospitals so forth and so on so I can promise you a lot of people with a

Medicare supplement think they have a Medicare Advantage plan a lot of people

with Medicare Advantage absolutely think they have a Medicare supplement plan so

make sure we understand exactly what we have right now and the main difference

between the two Original Medicare again has no networking could any doctor any

Hospital in the country without having any authorization so Medicare Advantage

generally has a network of doctors they network of hospitals that you have to

use that is local to your area so that's one way to figure it out the other way

is look at your ID card not your Medicare card but your ID card and it

will either say Medicare Advantage or would likely say Plan F or plan G or

plan in that would be a Medicare supplement so that's the first thing we

got to figure out is what we have now so we know what we can do because this

primarily open enrollment primarily deals with Medicare

advantage so let's see exactly what we can do and I'm gonna narrow this down in

just a second but this is straight off of medicare.gov and certainly will clear

everything out for everybody so what you can do what can I do during open

enrollment well you can change from Original Medicare to a Medicare

Advantage plan you could change from a Medicare Advantage plan back to Original

Medicare you could switch from one Medicare Advantage plan to another

Medicare Advantage plan you can switch from Medicare Advantage plan that

doesn't offer drug coverage tweed Advantage plan that does offer drug

coverage you can switch from an Advantage plan that offers drug coverage

to one that doesn't offer drug coverage you could join a Medicare prescription

drug plan you can switch from one drug plan to another drug plan or you can

drop your drug plan completely so these are everything that you can do there's

only a few things that really happened during open enrollment for the majority

of people and let's talk about that now so let's simplify what exactly happens

during open enrollment again we need to know are we on an Advantage plan or are

we on Original Medicare where they Medicare supplement plan so if you are

on a Medicare Advantage plan you can change from one Advantage plan to

another Advantage plan so why would you do that well with Advantage plans they

can change during the year you're locked in for an entire year once you choose a

Medicare Advantage plan so but they can change primarily with doctors doctors

come in doctors go out so if you have your doctors and they decide to leave

the Medicare Advantage plan you may very well want to look for a different

Medicare Advantage plan whether they chose to go into other Medicare

Advantage plans is a different story so but this is the time where if you're not

happy and your Medicare Advantage plan you can look to get into a different

Medicare Advantage plan if you are in an Advantage plan and you don't ever use it

and there's really no issues simply stay where you are there's nothing that you

need to do you can also change from one Medicare drug plan to another Medicare

drug plan so why would you do that well if you're on Original Medicare back to

Original Medicare with a and B and a supplement you probably got a Medicare

drug plan and drug plans are specific to certain kinds of drugs so if your

prescriptions changed during the year you may do better with a different drug

plan than the one that you have right now so it's absolutely worth the time to

compare so that you get the best value out of the drug plan for what your

current prescriptions are and again you can change that each year and so if

things have changed for you or things might have changed in the drug plan as

well yeah absolutely might want to change into a different Medicare drug

plan we can help you with that and figure out if it makes sense to do that

now what happens I find mostly is people unhappy with Medicare Advantage want to

come back to Original Medicare and you can do that during the open enrollment

period now where there is somewhat of a caveat is if you come back so if you

want to leave your Medicare Advantage plan come back to Original Medicare a

and B you can do that without any questions asked

you can also get a drug plan at that time without any questions asked the

issue is if you want to get a Medicare supplement plan if you want to get a

Medicare supplement plan you do need to go through underwriting and be approved

in order to do that once you're in Medicare then you need to clear

underwriting to be able to get a Medicare supplement plan now it's not

complicated and it's mostly big stuff that would

disqualify you so hard lung COPD cancer Parkinson's big stuff

just kind of like life insurance that may disqualify you from a Medicare

supplement plan but if you want to come back in you're relatively healthy it's

really not a problem it's just a little bit of a process and I can tell you well

how do people are doing it so if you're going to do that you want to do it early

because there gonna be a lot of applications and underwriting and

underwriting can take two weeks or three weeks maybe even longer and just a

little bit of a process to get it done so if you want to leave it my care

managed plan come back to Medicare and getting Medicare supplement

just do it as early as you possibly can if you wait until December it's going to

be too late because you need to get approved for your Medicare supplement

plan before you can make the decision to disenroll from your Medicare Advantage

plan and if you don't get approved by December 7th then you can't make that

decision to disenroll and you can't do it after December 7th with the exception

of another period that comes up after January 1st but again that's a whole

different story so now that we understand what we can do and what most

people do the typical reaction I get now is what and that's perfectly

understandable it's crazy ridiculous on how confusing it is for most people

so obviously that's what I do and I help people across the country make the right

Medicare choice I can absolutely help you and if you give me a call or visit

my website we'll get you information very quickly

we'll make sure that you understand whatever it is that you want to do and

that we do it correctly so make sure you just visit Medicare on video comm I've

got just a tremendous amount of information there I've got a complete

video library that covers just about every topic of Medicare that helps you

understand exactly what you do them says you don't feel silly trying to figure

all this out I also have guides and forms so for just about anything that

you need relating to Medicare it makes it easy to get it all accomplished so

just take a few minutes visit Medicare and video comm I'm happy

to help with any of this I hope you found this video helpful and hey hey

here we are Medicare open enrollment one more time so I hope you have a fantastic

day

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