What is the Medicare Advantage Annual Election Period?
The Medicare Annual Election Period begins on October 15 and ends December 7th of each year. During this period, anyone who is enrolled in Medicare may enroll for the first time in a Medicare Advantage Plan; or change from one Medicare Advantage Plan to another; or return to Original Medicare from a Medicare Advantage Plan.
If during this period you enroll in an Arizona Medicare Advantage Plan that includes Medicare Part D prescription drug coverage, then any prior Medicare Part D Plan coverage is automatically cancelled and replaced by the new Advantage Plan with prescription drug coverage — these plans are known as MA-PD plans (Advantage-Part D plans).
Enrollments during this period have an effective date of January 1. The AEP October 15 through December 7.
There are also SEP’s, or Special Enrollment Periods that address several unique situations such as losing creditable coverage or moving out of your plan’s coverage area.
Arizona Independent Medicare Insurance Broker representing Medicare Supplement and Medicare Advantage plans