as you may know, Medicare has multiple dates and deadlines on an annual basis. I monitor these changes and advise my clients when appropriate. As your advisor, I will always have the latest information you need to make an informed decision.
October 15 to December 7 Each Year
Open enrollment. This allows you to switch your Medicare Advantage Plans and Prescription Drug plans with oput penalty, underwriting, or loss of coverage. Changes made during this period will become effective January 1.
January 1 to February 15
Dis enrollment period. This allows those who enrolled in a Medicare advantage plan to leave that plan to return to Original Medicare and enroll in a drug plan without penalty. You may also apply for a Medicare Supplement at that time.
January 1 to March 31 Each Year
Part B enrollment. This is if you missed the initial enrollment period for obtaining your Part B. This is the only time you can sign up for Part B without a Special electi9on Period. Changes go into effect July 1 of the same year.
Choose Your Agent Wisely
The person who take your Medicare insurance application becomes your new agent. Don’t trust this to just anyone.