Non-Renewed MAPD for 2013
The Centers for Medicare and Medicaid Services (CMS) recently released information pertaining to how many plans will and will not be returning to the Medicare Advantage Market. It appears that this year over 1.7 million seniors are being dis-enrolled from their current MA plan but only 393,819 people will not be offered another plan by their carrier.
These situations offer a Guaranteed Issue Enrollment Period for those choosing to go to a Medicare Supplement. In most states this means that you can choose between Plans A, B, C, and F from the Medicare Supplement Insurance Companies in your state.
Since this affects over one and a half million people we highly recommend that you know the status of your plan prior to the Annual Election Period (October 15th – December 7th). This is the time of the year in which you can join, change or switch your Medicare Advantage or Part D coverage.
MA plans have reduced their total number by roughly 30,000 since 2010; however, 2013 is the lowest year of “non-renewed” plans. The four main states for non-renewed plans are Washington, Virginia, California, and Texas.