Medicare Advantage Enrollment

Navigating Medicare Advantage can be complex, but understanding the various enrollment periods is crucial to make the most of your coverage. Here, we break down the different enrollment periods and what they mean for you.


Initial Enrollment Period (IEP)

The Initial Enrollment Period is the first opportunity most individuals have to enroll in a Medicare Advantage plan. It typically spans seven months, beginning three months before your 65th birthday month, including your birthday month, and extending for three months afterward. During this time, you can sign up for a Medicare Advantage plan or switch from Original Medicare to Medicare Advantage.


Annual Enrollment Period (AEP)

The Annual Enrollment Period, also known as the fall enrollment period, runs from October 15th to December 7th each year. During this period, you can make various changes to your Medicare Advantage plan. You can switch to a new plan, switch from a Medicare Advantage plan back to Original Medicare or enroll in a Medicare Part D prescription drug plan.


Medicare Advantage Open Enrollment Period (MA OEP)

The Medicare Advantage Open Enrollment Period occurs from January 1st to March 31st every year. If you’re already enrolled in a Medicare Advantage plan, this period allows you to make one change. You can switch to a different Medicare Advantage plan or return to Original Medicare and, if needed, add a stand-alone Medicare Part D plan.


Special Enrollment Periods (SEPs)

Special Enrollment Periods are unique opportunities to make changes to your Medicare Advantage plan outside the standard enrollment periods. SEPs are triggered by specific life events, such as moving to a new area, losing employer coverage, or qualifying for Medicaid. These periods offer flexibility in adapting your coverage to your changing circumstances.


5-Star Special Enrollment Period

If you’re currently enrolled in a Medicare Advantage plan that has received a 5-star rating from Medicare for three consecutive years, you may be eligible for the 5-Star Special Enrollment Period. This period allows you to switch to a 5-star-rated Medicare Advantage plan or a Medicare Advantage plan with a 5-star prescription drug plan once per year, from December 8th to November 30th.

Understanding these enrollment periods is key to ensuring that your Medicare Advantage plan aligns with your healthcare needs. At Senior Financial Group, we’re here to help you navigate the complexities of Medicare and make informed decisions about your coverage. Contact us today to explore your options during these enrollment periods and secure the best plan for your health and financial well-being.

Your Medicare Advantage journey starts here. Let’s make the most of your coverage together.

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