Medicare Supplemental Insurance – Open Enrollment Period Coming Soon for People Tired of Medicare Advantage Plans!
Medicare Supplemental Insurance Plans provide much better coverage than Medicare Advantage Plans and thousands of seniors are looking forward to November 15th when they will have the opportunity to disenroll from their current Medicare Advantage Plan in favor of more comprehensive coverage with a Medicare Supplement Plan. Insurance Agents & Brokers across the country are gearing up for this increase in demand, but keep in mind knowledge is power, and the most important thing is to find an agent or broker who knows not only the Medicare plans, but also the law!
Medicare Supplement Plan F will likely be the plan of choice among seniors dropping their Medicare Advantage Plans, as Plan F is far and away the most popular among people over 65. Several insurance carriers offer this plan and it is extremely important to shop all leading companies to make sure you receive the best price!
November 15th is the first day of the upcoming Open Enrollment Period, but any changes made will not take effect until January 1st, 2010. It is also important to note that many companies are eliminating their Medicare Advantage programs including WellCare, Aetna, and Coventry. This means people who currently have plans with these insurance carriers should begin educating themselves about Medicare Supplemental Insurance and other available Medicare options.