MEDICAL INSURANCE: MEDICARE PART C
01.Core Concepts
• Medicare Advantage (Part C) managed care plan: HMO, POS, PPO • Provide same benefits as Parts A & B and may provide additional benefits with or without an additional fee. • Approximately 51% of enrollees choose Part C • Enrollees can switch from traditional Medicare to Medicare Advantage during the Open Enrollment Period (OEP). • October 15 – December 7 each year 51 MEDICARE ENROLLMENT • Initial Enrollment Period (IEP) • 7 months total • 3 months before turn age 65 • Month turn age 65 • 3 months after turning age 65 • Part B Special Enrollment Period (SEP) • Medicare Open Enrollment Period (OEP) • Medicare Advantage Open Enrollment Period (MA OEP) • General Enrollment Period (GEP) • Review Exhibit 14.26 Medicare Enrollment Periods.