The Medicare enrollment period starts next month and runs from October 15 to December 7. Coincidentally, the first healthcare marketplaces (the “exchanges”) will also start selling online next month with the requirement for such plans to become effective as of the beginning of 2014.

Seniors need to know the difference between Medicare “enrollment” and marketplace purchasing. Unfortunately, the timing of the two is not helping matters.

Bottom line: Medicare recipients should not buy on the marketplace what they get by enrollment all because of a mix-up. Hopefully, the legal penalties will scare off those insurance sellers who might try to confuse seniors.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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