Medicare Enrollment Periods

AEP or the Medicare Annual Enrollment Period – AEP for short – is the period of time each year for changing your Medicare coverage choices if you choose. AEP runs from October 15 to December 7. The new coverage choices will go into effect on January 1. 

•  Drop an Advantage Plan and return to Original Medicare
• Elect to change from one Advantage plan to a different one
• Change from Original Medicare to an Advantage plan
• Elect to change from one Part D prescription drug plan to another
• Cancel your current Part D plan
• Pick up a Part D plan if you currently do not have one

Any changes you make during the AEP will go into effect on January 1st of the following year..

The Medicare Advantage Open Enrollment Period runs annually between January 1 and March 31.  If you’re unhappy with your current Medicare Advantage Plan, the  Open Enrollment Period (OEP) is an annual opportunity to make changes to your existing plan. Often, we hear how beneficiaries decide to enroll in a Medicare Advantage Plan without fully understanding how these plans work. During this time they can also return to Traditional Medicare with a Supplement Plan.  

• Switch from one Medicare Advantage Plan to another
• Disenroll from a Medicare Advantage Plan and return to Medicare with or without a prescription drug plan
• Switch from one Medicare Advantage Prescription Drug Plan to another