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Next Up: The Medicare Advantage Open Enrollment Period - Motley Fool
Just as you thought those incessant TV ads would stop when the annual Medicare Open Enrollment Period ended on December 7th, guess what? Starting on January 1st and lasting until March 31st, another special Medicare Advantage open enrollment period gives an opportunity to those who are unhappy with their current Medicare Advantage plan to switch to another Advantage plan (or switch to so-called “original Medicare”). So you can expect those TV ads to continue, but this new special Medicare Advantage enrollment period is important to those who regret the choice they made last fall. The beauty of this new Medicare Advantage enrollment period is that you can switch from your current plan to another which better suits your fancy, and do so without penalty or without waiting for your new coverage to begin. And if you’ve simply tired of the restrictions which often accompany Medicare Advantage plans, you can also choose to switch to original Medicare without penalty or delay of benefits. A win-win situation, as explained in this Motley Fool article by Maurie Backman. Click here to read more.