FAQs on Medicare Part C & D Annual Enrollment Period (AEP)
Key Takeaways
- Annual Enrollment Period (AEP) runs from October 15 to December 7 every year and is not to be confused with the General Enrollment Period from January 1 to March 31.
- Existing Medicare beneficiaries can switch, drop, or add Medicare Advantage and/or Part D.
- AEP does not apply to MedigapMedicare Supplement Insurance (Medigap) is designed to provide coverage that Original Medicare (Parts A and B) does not. Medigap policies are purchased in addition to Original Medicare and have their own monthly premiums you’ll need to pay. plans.
- AEP is not the same as the Initial Enrollment Period (IEP) for Medicare Part A and BOriginal Medicare is a fee-for-service health insurance program available to Americans aged 65 and older and some individuals with disabilities. Original Medicare is provided by the federal government and is made up of two parts: Part A (hospital insurance) and Part B (medical insurance). .
The Medicare Annual Enrollment Period (AEP) runs from October 15 to December 7 each year. It’s a critical time for Medicare beneficiaries to re-evaluate their healthcare needs to ensure they’re in the right plan for the next year.
Here are the top questions most Medicare beneficiaries have around the Annual Enrollment Period and tips to guide you from start to finish:
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What Is the Annual Enrollment Period?
The Annual Enrollment Period is the window of time when you can add or change health coverage for the upcoming calendar year. Medicare beneficiaries can use this period to make changes to their Medicare Advantage (Part C) and Medicare prescription drug plans (Part D). Plans selected during AEP go into effect January 1 of the following year.
When Is the Annual Enrollment Period?
Medicare AEP is from October 15 to December 7, every year.
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What Can I Do During the Annual Enrollment Period?
- Add or drop a Medicare Part D prescription drug plan or switch from one Medicare Part D plan to another.
- Change to a Medicare Advantage plan if you previously had Original Medicare, and vice versa.
- Switch Medicare Advantage (Part C) plans.
How Is the Annual Enrollment Period Different from Initial Enrollment?
While AEP is an annual time to make changes to your Medicare plans for the following year, the Initial Enrollment Period (IEP) is for new Medicare enrollees to sign up for Parts A and/or B. For most people, the initial enrollment period is a seven-month window which begins three months before the start of the month when you turn 65 and lasts until three months after the end of your birthday month.
How Can I Best Prepare for Medicare AEP?
- If you currently have a Medicare Advantage plan, review your Annual Notice of Change (ANOC) letter which is mailed in September. Upcoming changes to your coverage may require you to add, drop, or switch coverage during AEP.
- Compile a list of doctors you are currently seeing or want to see. If a preferred doctor is out of your network of providers, you can switch coverage to a plan that includes your preferred doctor during AEP.
- Write down a list of all your current prescriptions. If your prescription needs change, you can switch or add Part D coverage during AEP.
- Determine what additional coverage you need (dental, vision, hearing, etc.). Most Medicare Advantage plans include additional benefits, so these may be the right options for you to consider.
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What if I Need To Change My Medicare Plan Outside of the Annual Enrollment Period?
You may change plans outside of AEP if you qualify for a Special Enrollment Period (SEP). Special Enrollment Periods usually last 60 days, and some last 90 days, depending on your life event. You can qualify for the Special Enrollment Period if:
- You move outside of your plan’s service area.
- You lose your current drug coverage.
- Your plan terminates or changes its contract with Medicare.
- You move into or out of a nursing home.
- You were recently released from incarceration.
- You qualify for Medicaid, Extra Help, or a state-based pharmaceutical assistance program
How Do I Enroll or Change a Plan During the Medicare Annual Enrollment Period?
A GoHealth licensed insurance agent can help you understand and compare plan benefits and navigate changes during the Annual Enrollment Period. Call us today to learn next steps.