Summary
Millions of people in the U.S. enrolled in Medicare Advantage need to act by March 31 to make changes to their healthcare plans. Missing this deadline could lead to higher medical costs for these enrollees until the next enrollment period in October. Changes made by the deadline will start on April 1 for those who switch plans.
Key Facts
- The Medicare Advantage Open Enrollment Period ends on March 31.
- Over 34 million Americans are enrolled in Medicare Advantage.
- About 3 million enrollees could face immediate financial challenges due to plan changes.
- During the enrollment period, enrollees can switch Medicare Advantage plans or return to Original Medicare.
- Changes made by March 31 will take effect on April 1.
- After the deadline, the next enrollment period starts on October 15.
- Those missing the deadline might pay more for healthcare services until the fall.
- Free help is available from State Health Insurance Assistance Programs (SHIPs) across the U.S.
