Medicare has a number of different times to enroll, both for the government Medicare option, or for other Medicare coverage offered privately.
When you turn 65, you normally have your first opportunity to enroll in Original Medicare (government Medicare), both Part A (hospitalization) and Part B (medical).
There is a yearly opportunity to make additional choices that may fit your needs.
The Annual Enrollment Period (AEP) comes each year during autumn. This year (2016) the dates are from October 15-Dec 7 this year. Any plan that you enroll in during AEP will begin coverage on Jan 1.
What can you enroll in, or disenroll from?
- Change from Original Medicare to a Medicare Advantage Plan.
- Drop your Medicare Advantage Plan completely and go back to Original Medicare.
- Switch from one Medicare Advantage Plan to another Medicare Advantage Plan.
- Switch from a Medicare Advantage Plan without drug coverage to a Medicare Advantage Plan with drug coverage.
- Switch from a Medicare Advantage Plan with drug coverage to a Medicare Advantage Plan without drug coverage.
- Join a Medicare Prescription Drug Plan.
- Switch from one Medicare drug plan to another Medicare drug plan.
- Drop your Medicare prescription drug coverage completely.
(Keep in mind that if you drop Prescription drug coverage entirely, you may be subject to a penalty).
What about a Medicare supplement plan (Medigap)? There is not a limited enrollment time for Medicare Supplement coverage. We will discuss Medigap more fully in an upcoming post.
For detailed answers to your questions, a licensed agent at the private Medicare Helpline can assist you and guide you thru comparing benefits and costs of available plans in your area at 1-855-MEDICARE or contact us via the web: