What To Do If Your Medicare Advantage Plan Is Discontinued

About

Medicare 101

Current Clients

What To Do If Your Medicare Advantage Plan Is Discontinued

By Daniel Petkevich

Feb 26, 2024

Options to consider when you are notified that your plan will be discontinued.

If your Medicare Advantage or Prescription Drug plan is discontinued in your area, you have several options to consider for your healthcare coverage. It's VERY important to take action before it's too late. Here are some important considerations:

Speak with a Medicare Advocate

Talk to one of our Licensed Medicare Agents today to find the right plans for you.

In most cases, if your Medicare Advantage Plan is discontinued, you will be eligible for a Special Enrollment Period. This period allows you to make changes to your Medicare coverage outside of the annual Open Enrollment Period. You typically have a few options during this period:

Medicare Advantage Plan: You can choose a different Medicare Advantage Plan available in your area. Be sure to review your options with an expert to confirm your new plan has the coverage, network, and benefits you need.
Medigap (Medicare Supplement) Plan: This is an excellent opportunity to enroll in a Medigap policy with no medical review. The most popular plan, Medigap Plan G, can fill gaps in Original Medicare, helping protect you from out-of-pocket expenses. Make sure to pair your Plan G with a standalone Medicare Part D to ensure you have Prescription Drug coverage.
Original Medicare Only: You can go back to Original Medicare (Part A and Part B only) if you prefer traditional fee-for-service coverage. However, this will mean that you are responsible for traditional Medicare out-of-pocket costs like deductibles, copays, and coinsurance. If you do this, you will need to enroll in a standalone Medicare Part D prescription drug plan if you want prescription drug coverage.

It's crucial to carefully compare these options and find the best fit for your healthcare needs and budget. Be sure to consider factors like premiums, deductibles, copayments, and healthcare provider networks. You must decide and enroll in a new plan within the time frame of your Special Enrollment Period to avoid any gaps in coverage. If you don't act during this period, you may have to wait until the next annual Open Enrollment Period to make changes.

The good news is that you don't have to try to navigate these options alone. At Fair Square, our Medicare Experts can provide unbiased expert advice at no cost to you. For more information, schedule a consultation today at

fairsquaremedicare.com

or call us at 1-888-454-2383. Our experts are looking forward to talking to you!

Speak with a Medicare Advocate

Talk to one of our Licensed Medicare Agents today to find the right plans for you.

Your Medicare One-Stop-Shop

Your guide to Medicare Parts A & B, Medicare Advantage, and Medigap. 100% free.

Get the Fair Square Bulletin

Medicare savings tips, helpful guides, and more.

888-454-2383

info@fairsquaremedicare.com

About

Medicare 101

Current Clients

Medicare Supplement Plans

Medicare Advantage Plans

Fair Square 2026

•

Notice of Privacy Practices

Virgil Insurance Agency, LLC (DBA Fair Square Medicare) and www.fairsquaremedicare.com are privately owned and operated by Help Button Inc. Medicare supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. This is a solicitation of insurance. A licensed agent/producer may contact you. Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal disease. Virgil Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, HMO SNP, PPO, PPO SNP and PFFS organizations and stand-alone PDP prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. Plan availability varies by region and state. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. © 2026 Help Button Inc

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

MULTIPLAN_FairSquareMedicare_01062022_M

Fair Square Medicare

What To Do If Your Medicare Advantage Plan Is Discontinued

Options to consider when you are notified that your plan will be discontinued.

Speak with a Medicare Advocate

Speak with a Medicare Advocate

Recommended Articles

More of our articles

Your Medicare One-Stop-Shop

About

Medicare 101

Current Clients

Medicare Supplement Plans

Medicare Advantage Plans