Here are the dates you need to know when it comes to Medicare enrollment:
Time to start shopping. Because insurance companies can release information on plans for the next calendar year two weeks before open enrollment season, we recommend that you begin reviewing options for new coverage in early October.
This is the Annual Election Period (AEP). During this time, you can:
Coverage for enrollment changes takes effect on January 1.
This is the Medicare Advantage Open Enrollment Period (OEP). During this time, Medicare Advantage plan enrollees can disenroll from their Medicare Advantage plan and return to Original Medicare or enroll in a different Medicare Advantage plan. If you decide to go to Original Medicare, you will need to purchase a standalone Part D prescription drug plan to avoid a Part D late enrollment penalty.
Outside of AEP and OEP, there are exceptions that allow you to enroll in a prescription drug plan or Medicare Advantage plan any time during the year. This applies, if, for example:
For questions about whether or not you qualify under other special circumstances contact us.
Taking care of your loved one and yourself is important. Get the resources and tools you need to stay confident and healthy throughout your Medicare journey.
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