I received a notice that my Medicare plan is not being offered next year. What do I need to do?
If you received a notice from your insurance company that the plan you are enrolled in is not being offered next year, you will be given options to switch to a new plan. If you are enrolled in a Medicare Advantage or Part D plan that is being eliminated, you will receive a notice from the insurance company. You will be given a Special Enrollment Period (SEP) during which you can select and enroll in a new plan. The SEP's length will be determined by the unique situation that led to your plan being eliminated and will be provided in your notice. If you are enrolled in a Medicare Supplement (Medigap) plan and receive a notice that your Medicare Supplement plan is not being offered next year, you will qualify for a Special Enrollment Period that will give you limited Guarantee Issue rights. You will have 63 calendar days from the date your coverage ends to find a new Medicare Supplement plan. However, you may be limited to a subset of available Medicare Supplement plans available in your area under this scenario. New Chapter Insurance - your local Medicare Expert - can help you understand the many parts of Medicare and determine what the right fit is for you. Give us a call to discuss the options available to you.