After AEP: Nonrenewal SEP and MADP for 2016

Annual Enrollment Period ended on Dec.7, but there are still plenty of opportunities for some individuals to make changes in their Medicare health plans. Two immediate options are Nonrenewal SEP (Special Enrollment Period) and Medicare Advantage Disenrollment Period (MADP).

Nonrenewal SEP

Whenever Medicare Advantage Plan’s contract or Medicare Prescription Drug Plan’s contract with Medicare are not renewed, the beneficiaries are entitled for the Nonrenewal Special Election Perriod (SEP). This SEP begins from December 8 and ends February 28 of the following year. During the nonrenewal SEP, the beneficiaries may do the following:

  • Choose another Medicare Advantage Plan with or without Prescription Drug Coverage
  • Return to Original Medicare and choose Medicare Prescription Drug Plan
  • Once in Original Medicare, beneficiaries are entitled for a Medicare Supplement Plan (Medigap). Moreover, you’ll have Guaranteed Issue Right allowing you to buy Medigap Plans A, B, C, F, K or L without medical underwriting. In other words you may enroll even if you have health problems.

Medicare Advantage Disenrollment Period (MADP)

Medicare Advantage Disenrollment Period (MADP) runs annually from January 1 through February 14.  It allows you ONLY disenrollment from the Medicare Advantage Plan.

During this period, you may do the following:

  • Switch to Original Medicare regardless whether or not you had Part D coverage as a part of your Medicace Advantage Plan
  • By switching to Original Medicare, you’ll be entitled for Special Election Period (SEP)  allowing you to enroll in the standalone Prescription Drug Plan (PDP). The coverage will begin the first day of the month after the plan gets the enrollment application.
  • If you are enrolled in the Medicare Advantage plan with Prescription Drug coverage (MAPD), then by enrolling in a PDP plan of your choice you’ll be automatically disenrolled from the MAPD plan and return back to Original Medicare.
  • Once in Original Medicare, you also entitled for a Medicare Supplement Plan (Medigap). These plans are sold by private Insurance companies and allow you to fill in the gaps of Part A and Part B coverage.

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