The Annual Enrollment Period starts on October 15th and ends on December 7th for coverage starting January 1st. Most consumers wait for this time period to review their options with Medicare. Did you know people enrolling in Medicare Nevada plans can apply for certain policies at anytime of the year? There many rules when you are enrolling in Medicare policies, so it is always a good idea to consult a broker. These rules are established by CMS. CMS, which stands for Centers for Medicare and Medicaid Services, is a part of the federal government.
Part C Plans
Part C plans are also known as Medicare Advantage plans. These plans usually include Part D drug coverage. The rules for enrolling in these plans are much different than Medigap plans. The Annual Enrollment Period for Part C plans starts on October 15th and ends on December 7th. Enrolling in Medicare Nevada Part C plans during the time period will give you coverage starting January 1st. People can also get a Part C plan if they have a Special Enrollment Period. Also, people who just signed up for Part B can get a plan. Part C plans never ask health questions.
Medigap plans are also known as Medicare Supplement plans. People can apply for one of these plans at any point during the year. Depending on eligibility, consumers may or may not be asked health questions. The insurance carrier can deny coverage based on health history. Generally, it is a better idea to enroll in a Medigap plan when initially eligible for Medicare. To avoid answering health questions down the road, people should apply for coverage during their initial eligibility period for Medicare. Insurance companies cannot ask health questions during this time since it is a Guaranteed Issue Period.
Part D Plans
Part D plans cover drugs. Medigap plans do not cover drugs. To get drug coverage with a Medigap plan, you must enroll in a standalone Part D plan. Enrolling in Medicare Nevada Part D plans has strict rules like Part C plans. People can apply or change Part D plans during the Annual Enrollment Period between October 15th and December 7th. People can also get a Part D plan when initially eligible for Medicare. Part D plans do not ask health questions.
Working with a broker and understanding the logistics of Medicare is crucial. Understanding your options when initially eligible can protect you from dealing with high out of pocket claims down the road. Working with a broker does not cost anything additional. Contact us today to learn more about enrolling in Medicare Nevada.