Did you know that your Medicare Advantage and prescription drug coverage could change every year? It’s crucial to compare Medicare plans on an annual basis during the Medicare Advantage Annual Enrollment Period to ensure you’re still getting the right coverage for your healthcare needs. If you are aging into Medicare, have recently moved, or lost coverage, you may be eligible for a Special Enrollment Period. You can compare Medicare Advantage plans with SelectQuote for free (with no obligation to enroll), and in just minutes, we can find quotes for you from some of the most trusted insurance companies in the nation.
Understanding Medicare Advantage Plan Changes
Medicare Advantage (Part C) plans can change annually due to updates in federal regulations, provider networks, drug formularies, or cost structures. Insurance companies offering these plans reassess their coverage terms and business strategies each year, which can lead to changes in premiums, copays, out-of-pocket limits, covered services, and even whether the plan is offered at all in your area.If your Medicare Advantage plan is changed or terminated, you’re not without options. Each fall during the Annual Enrollment Period (AEP), which takes place from October 15 to December 7, you can review your plan's Annual Notice of Change (ANOC) and compare available plans for the upcoming year. If your current plan no longer meets your needs or is being discontinued, you can switch to another Medicare Advantage plan or return to Original Medicare (with or without a Part D prescription drug plan). Taking the time to review your coverage each year ensures that your health and financial needs continue to be met.
Medicare Advantage Insurance
Medicare Advantage (MA) plans provide an alternative to Original Medicare and are offered by private health insurance companies approved by Medicare. With Medicare Advantage plans, a low to $0 monthly plan premium may be available, as well as additional routine dental, vision, and/or hearing benefits.
Original Medicare covers the majority of medical expenses, but not everything. A Medicare Supplement Insurance plan can help cover the out-of-pocket costs not paid for by Medicare, such as copays, deductibles, and coinsurance.
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Medicare Overview
What are the parts of Medicare and when do you first enroll?
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+Medicare Coverage includes Medicare Advantage plans, Medicare Supplement plans and/or standalone policies which cover prescription drugs, dental, vision, etc.
Medicare Resource Articles
While our licensed insurance agents can answer your Medicare questions and concerns, you can also explore additional Medicare resources that SelectQuote offers. Check out our Medicare articles below that go into more detail about type of coverage, enrollment periods. Medicare tips and tricks, and more.
Medicare can often be confusing and can stir up plenty of questions. At SelectQuote, we have Medicare answers. Check out our Medicare frequently asked questions below to find answers about Medicare coverage, types of plans, enrollment periods and more.
Why should I compare Medicare plans through SelectQuote?
SelectQuote is your one-stop for Medicare insurance; the difference is that our top priority is to help you make sure you get the right plan for your needs. We will compare coverage and prices from multiple Medicare insurance companies on your behalf. We shop some of the most trusted insurance companies, making the process of finding affordable insurance easy and convenient for you.
Can I get a free Medicare quote through SelectQuote?
Yes, you can get a free Medicare insurance quote by working with SelectQuote. There is no cost or obligation to enroll when you work with us. Start your free Medicare quote today.
What companies does SelectQuote represent?
SelectQuote sells plans from many Medicare companies. We represent Medicare Advantage, Medicare Advantage Prescription Drug, and Prescription Drug plans for Aetna, Anthem, Blue Cross Blue Shield of Michigan, HealthSpringSM, Devoted Health, Humana, Kaiser Permanente, Silverscript, UnitedHealthcare®, Wellcare, Zing Health, and Clear Spring Health.