There is a designated timeframe during which eligible individuals for Medicare Advantage Plans could be eligible to make changes to a different plan outside of the regular enrollment periods. This time period is typically triggered by specific life events that may impact an individual's healthcare needs, such as retirement, moving to a new location, or losing employer-sponsored health insurance, etc. During this time, individuals could possibly enroll in a plan that helps fit their needs. It provides a valuable opportunity for individuals to reassess their healthcare needs and make adjustments to ensure they have the most suitable coverage for their unique circumstances.
- Initial Enrollment Period - Who Needs: Turning 65 - Purpose: Enroll in Original Medicare and possibly a Medicare Advantage Plan - When: 3 months before 65th birthday, birthday month, and 3 months after 65th birthday month;
- Medicare Advantage & Prescription Drug Plan Annual Enrollment Period - Who Needs: Medicare Parts A & B Enrollees - Purpose: Reevaluate coverage & make changes - When: October 15 - December 7; and
- Special Enrollment Period - Who needs: Aging-in, recently moved, lost health insurance coverage or have other Special Enrollment Period qualifying conditions - When: Special Enrollment Period eligibility varies by qualifying conditions.
Speak with a licensed insurance agent to review your plan options and possibly enroll in a Medicare Advantage Plan during one of these enrollment periods.
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