Medicare Enrollment Periods
With the Annual Election Period less than a month away, people in the Medicare space are gearing up for their busy season. Most people know that AEP falls between October 15 and December 7, but with all the different Medicare enrollment periods, it’s easy to get them mixed up. Even veteran agents make mistakes.
Let’s do a quick refresher on the different enrollment dates that Medicare recipients and agents need to be aware of.
To start, there are two sets of enrollment dates.
Annual Election Period is a Medicare Advantage enrollment period. This means that anyone on Medicare can sign up for a new Medicare Advantage Plan or Prescription Drug Plan for the following year. All of the Medicare Advantage enrollment periods provide the opportunity for seniors to change to a new Advantage Plan (also known as Medicare Part C). These Medicare Advantage enrollment periods also offer the ability to change or start a Prescription Drug Plan (also known as Medicare Part D).
Traditional Medicare enrollment dates are for those who need to start receiving benefits from Medicare regardless of their plan choice. These enrollment dates allow people to sign up for both Medicare Advantage and Traditional Medicare, as well as a Prescription Drug Plan.
Let’s take a look at all the different enrollment periods, when they are available and what opportunities they provide.
Medicare Advantage Enrollment Chart
Traditional Medicare Enrollment Chart