Learning that your Medicare Advantage plan is ending can be stressful, but you don't have to navigate the change alone. You have options for maintaining your coverage. Reviewing your choices and enrolling in a new plan before your current coverage ends can help ensure a smooth transition.
Why is my Medicare Advantage plan ending?
Medicare Advantage plans may end for several reasons, including:
- The insurance company decides not to renew the plan
- Medicare ends its contract with the plan
- The plan no longer serves your county or service area
- The plan changes its coverage offerings
- The insurance company exits the market
If your plan is ending, you will receive advance notice explaining what is changing, when your coverage ends and what enrollment options may be available to you.
Your coverage options
When your Medicare Advantage plan ends, you generally have several options to continue your coverage. The option that's right for you depends on your healthcare needs, prescription medications, provider preferences and budget.
Option 1: Enroll in another Medicare Advantage plan
Many beneficiaries choose another Medicare Advantage plan available in their area.
A new plan may offer:
- Different doctor networks
- Different prescription drug coverage
- Additional benefits
- Different monthly costs
Option 2: Return to Original Medicare
Original Medicare includes:
- Medicare Part A (Hospital Insurance)
- Medicare Part B (Medical Insurance)
If you return to Original Medicare, you may also want prescription drug coverage through a Medicare Part D plan.
Option 3: Consider Medicare Supplement coverage
Some beneficiaries choose a Medicare Supplement (Medigap) plan to help with certain out-of-pocket costs associated with Original Medicare.
Next steps
1. Review your notice
Your insurance company will send a notice explaining:
- When your current coverage ends
- Why the plan is ending
- Any special enrollment rights you may have
2. Understand your enrollment window
Depending on your situation, you may qualify for a Special Enrollment Period or be able to switch plans during Medicare's Annual Enrollment Period.
3. Explore plans available in your area
Review the plans available in your area based on provider access, prescription drug coverage, costs and benefits.
4. Verify coverage
Confirm that your preferred doctors, specialists, hospitals and prescription medications are covered by any plan you're considering.
5. Enroll before your deadline
Submitting your enrollment before your current plan terminates helps prevent interruptions in coverage and access to care.