When a Medicare Advantage plan terminates (leaves the market), enrolled beneficiaries receive a Special Enrollment Period to enroll in a new plan. The plan must notify enrollees at least 90 days before termination. If you do not choose a new plan, you are automatically enrolled in Original Medicare.
Key Points
- Plan termination: triggers a Special Enrollment Period
- Plan must notify enrollees at least 90 days before termination
- If you do not choose a new plan: automatically enrolled in Original Medicare
- You may have guaranteed issue rights for Medigap after plan termination
- An independent agent can help you find a new plan after termination