What is the Medicare Advantage Annual Election Period?
The Annual Medicare 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 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 Medicare Advantage Plan with prescription drug coverage — these plans are known as MA-PD plans (Medicare 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 address several unique situations such as losing creditable coverage or moving out of your plans coverage area.
To learn more about Medicare Enrollment Periods, fill out the contact form at the side or just give Ralph a call at 602-390-8573
Arizona Independent Insurance Broker representing Medicare Supplement and Medicare Advantage plans