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Hi I'm Mary and I'm Sondra and we're the gals that keep you in the know.
Well some of you may have been receiving letters letting you know that
your Medicare plan is
ending this could actually happen for several different reasons and that's
what we're going to talk about today
that's right and these reasons will fall under three categories
either your plan is being sanctioned it may have terminated
or it may be cancelling, You mentioned sanction the word sanction, Sondra
I'm not familiar with that
what does that mean exactly? Sanction means that the health plan
is can getting in trouble with medicare medicare's has a problem is that what's
going on with the plan
and so you're gonna receive a letter and you have an auction a
choosing art I've heard it when you can move into another
plan Sony received that letter II
it's got any case by case depending on the planet what medicare says so make
sure you read that very clear
because you don't want to I can get out at that %uh
movement period be locked into the next in on what much
so the sanctions and the case by case not a particular time frame that we have
to adhere to you
know it'll be stated in the letter okay and the other things you mention was
that it could be due to a termination or cancellation
this am fairly similar what the difference between the two well
as termination is whatever the when medicare decides to terminate a contract
in this can happen
anytime throughout the year a cancellation means moderate no
and medicare works on a calendar year from January 1st
Intel December 31st so cancellation just means that the end of a
season their play and other commercial cancel out
on December 31st going into the new year they won't have any coverage to that
plan
so that gives them a window from December 8 Intel
February 28 that they can roll into a new Medicare Advantage plan
a supplement return to Medicare Advantage or just have
Original Medicare with party now you have until the last november do this
bear in mind from secretary for Syntel watch
release January 1st itself February 28
you're not going to have any coverage other than original Medicare now has a
great thing you won't be penalized for waiting for the last minute
some party but you're party will not be Intel March 1st
so you won't be penalized but you'll have any coverage a
if it's terminate its that just means that I
medicare decided to terminate contract that can happen any time of the year
in Rome it's a little bit different you have a three-month window
it began two months prior to the termination a
enough for my after the determination to have a three-month window
but you got it is better to cash in you know the front that
termination date but you have the following month afterwards
or well I hope that helps to clear up some those letters you guys have been
receiving on those cancellations terminations
maybe even some other stations would like to thank you for joining us today
learning what your options maybe should your plan be ending
blessings to you from trusted senior specialist and the medicare get
house on
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