Medicare Advantage Disenrollment Period (MADP) is back and has some new changes with the New Year. MADP is now known as the Medicare Advantage Open Enrollment Period (MAOEP), which begins today, January 1st, now ends March 31st. (MADP only ran from January 1st through February 14st.)
During this time you can:
- You can disenroll from a Medicare Advantage Plan; you will be returning to Original Medicare, meaning that you will go back to your Original Part A and B of Medicare. At this time, you will be able to purchase a Medicare Supplement Plan and/or a Prescription Drug Plan.
- You can change from one Medicare Advantage Plan (with or without drug coverage) to another Medicare Advantage Plan (with or without drug coverage). During this time, you can only make this change once.
MAOEP is different from the Medicare Open Enrollment Period, which runs from October 15th through December 7th. During MAOEP, you cannot get a Prescription Drug Plan unless you are disenrolling from a Medicare Advantage Plan. Remember, at any time of the year; you can change from one Medicare Supplement Plan to another (there may be underwriting questions). MAOEP is also different from the Initial Coverage Election Period; this is the period when you first become Medicare Eligible (there are no underwriting questions for a Medicare Supplement Plan during this period).
If you have any questions, call us at 844.437.4253 and our Senior Benefits Coordinator can help you!