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Losing Medicaid? Medicare coverage could be an option

Updated: Jul 6, 2023

Medicare coverage could be an option if you are losing Medicaid
Understanding health insurance options

If you recently lost (or will soon lose) Medicaid, you may be able to sign up for Medicare or change your current Medicare coverage. Don’t wait. If you qualify, you’ll have a limited time to sign up or make changes.

If you now qualify for Medicare but didn’t sign up for it when you first became eligible:

  • You can sign up for Medicare Part A (Hospital Insurance), Medicare Part B (Medical Insurance), or both without paying a late enrollment penalty.

  • You have 6 months after your Medicaid coverage ends to sign up.

Remember: Your Medicare coverage will start the month after you sign up, or the date your Medicaid coverage ends, whichever you choose.

If you have Medicare and Medicaid, and you lose Medicaid, you can:

  • Join a Medicare Advantage Plan with drug coverage or Medicare drug plan, if you don’t already have one.

  • Change your current Medicare Advantage Plan or Medicare drug plan.

  • Join a plan or make coverage changes for 3 months from the date your state notifies you that your Medicaid coverage is ending, or the date your Medicaid coverage ends, whichever’s later.

Note: If you drop a Medicare Advantage Plan, you have the option to return to Original Medicare.

Health insurance and Medicare made simple
Virginia Health Insurance Agent

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