There are enrollment periods each year that Medicare beneficiaries can enroll or change plans. Here’s a quick guide to help you understand the different Medicare enrollment periods.
Medicare Initial Enrollment Period
The Medicare Initial Enrollment Period is the first time an eligible individual can enroll in Medicare Part A and Medicare Part B. This timeline begins three months before the month of your 65th birthday and continues through the three months following your 65th birthday.
Medicare General Enrollment Period
The Medicare General Enrollment Period, which runs from January 1-March 31 each year, is an opportunity for individuals to apply for Original Medicare (Part A and/or Part B) if they were not automatically enrolled in Original Medicare or missed their Initial Enrollment Period. If you use this period to enroll, coverage begins on July 1 of the same year.
Annual Enrollment Period for Medicare Advantage and Prescription Drug Plan
The Medicare Annual Enrollment Period period runs from October 15-December 7 each year. During this time, Medicare recipients can evaluate their current Original Medicare or Medicare Advantage coverage and make changes, often resulting in more affordable or more accurate coverage. Medicare Advantage plan details change annually, so it’s a good idea to compare your plan options during this time each year to make sure your health and prescription drug needs are covered. Any changes you make during the Medicare Annual Enrollment Period will take effect on January 1st of the following year.
Medicare Special Enrollment Period
The Medicare Special Enrollment Period takes place when certain events or life changes occur, giving you the opportunity to make changes to your existing Medicare Advantage plan and Medicare Prescription Drug plan. Some of the most common Special Enrollment Period events for Medicare Advantage include:
Moving to a new location where new plan options are available
Losing employer coverage
Being diagnosed with a qualifying chronic condition, such as diabetes or chronic heart failure
Moving in or out of a skilled nursing facility or long-term care hospital
Medicare Advantage Open Enrollment Period
The Medicare Advantage Open Enrollment Period runs from January 1-March 31 each year. During this period, those enrolled in Medicare Advantage plans (also known as Medicare Part C) are provided a one-time opportunity to:
Switch to a different Medicare Advantage plan
Drop a Medicare Advantage plan and return to Original Medicare (Part A and Part B)
Sign up for a stand-alone Medicare Part D Prescription Drug Plan, if electing to return to an Original Medicare plan
Still unsure about when you can enroll? Our Medicare Enrollment Quiz can help you figure out when you should be eligible to enroll or make changes to your elections.
Save yourself time and the hassle of navigating Medicare Advantage on your own by working with SelectQuote. In just minutes, we can compare all the Medicare Advantage options available for you.Don’t wait to ensure you’re getting the benefits available to you. It’s a free service and there’s no obligation to enroll.
