Medicare Enrollment Periods

Last week, we talked about open enrollment periods for private and employer-sponsored insurance plans. This falls from November 1st to January 15th, but what if you don’t have those kinds of insurance? One important example is Medicare!

Medicare Works a Little Different 

Generally, people enroll in Medicare once they turn 65, during the Initial Enrollment Period (IEP). You can enroll 3 months before your 65th birthday and 3 months after, which gives quite a large window. Don’t worry if you missed it—all is not lost! You’ll be able to sign up for coverage during the General Enrollment Period (GEP). This goes from January 1st to March 31st the year you want coverage. If you already have your Medicare coverage, you’ll make changes during yet another period called the Annual Enrollment Period (AEP), which runs from October 15th to December 7th. Lots to keep in mind!

Here's a recap of those important dates to keep track of:

• Initial Enrollment Period (IEP): 65th Birthday ±3 months

• New coverage if you missed your IEP

  • General Enrollment Period (GEP): Jan 1 – Mar 31

• Changes to existing coverage

  • Annual Enrollment Period (AEP): Oct 15 – Dec 7

Do you find all this insurance talk confusing? You’re not alone! Just give me a call and see how I can help—it’s what I’m here for!