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Kiplinger
Kiplinger
Business
Donna LeValley

THE TRUTH ABOUT: How you can lose your medicare benefits | History Defined

3D illustration of a rubber stamp with the text medicare and pills over paper background.

If you have Medicare, losing your health coverage is still possible. You can lose Medicare coverage through your actions or for reasons outside of your control, such as an insurance provider deciding to discontinue a plan.

If you lose your Medicare coverage, you can reapply. Depending on circumstances, you may be able to apply outside of the Medicare open enrollment period, which runs from October 15 to December 7 each year. You can reapply outside of that window if you've experienced what is considered to be a qualifying life event. In order to do this, you would typically qualify for a Special Enrollment Period (SEP).

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