When to Enroll in Medicare Advantage or Prescription Drug Plans
Initial Enrollment Period (IEP)
For most, your IEP begins three months before the month you turn 65, runs through your birth month and ends three months after your birth month.
If you wait to enroll in a plan, there’s a chance you will have fewer plan choices and you may have to pay more.
Annual Enrollment Period (AEP) – Oct15 – Dec 7
During this time, you may enroll in a Medicare Advantage plan for the first time OR you can change prescription drug plans, Medicare Advantage plans, or return to Original Medicare. Coverage for enrollment changes takes effect on January 1.
Medicare Advantage Dis-enrollment Period Jan1 – Feb 14
If you’re in a Medicare Advantage Plan, you can elect to return to your Original Medicare benefits from the federal government. If you switch to Original Medicare during this period, you will have until February 14 to also join a Medicare Prescription Drug Plan to add drug coverage.
Feb 15 – Oct 14
During this time you will not be able to switch coverage unless you qualify under certain circumstances for a Special Enrollment Period.
Generally, you must stay with your current coverage until January 1, when any new coverage you chose during the Annual Enrollment Period begins.
GeorgeLitchfield.com – If you or someone in your family is 65 or older and is in need of a Medicare Supplemental Plan or already has a plan, but wants to make sure that it is the right plan please give us a call (909)792-3300 or (888)891-5557 or go to our website GeorgeLitchfield.com and we will give you a quote and help you keep money in your pocket