Enrollment Periods:

• Initial Election Period (IEP) / Initial Election Coverage Period (ICEP) Period when newly eligible for Medicare can enroll in Medicare A and B and make an initial election to enroll in Medicare Advantage Plan or Supplement and Prescription Drug Plan. It is the 7-month enrollment period that includes the three months prior to birth month, the month you become eligible, and the three months following the month of eligibility.
• Annual Enrollment Period (AEP) October 15th – December 7th for new coverage to begin January 1st. This is the time of year to review plans and make changes if needed to your stand-alone prescription drug plan or your Medicare Advantage health and drug plan.
• Open Enrollment Period (OEP) January 1st - March 31st. Medicare Advantage (MA) plan members can make a one-time election annually to change plans.
• Special Election Period (SEP) Anytime of the year due to eligible life event change. i.e., Change in Residence, Low-Income Subsidy, Medicaid, Institutionalized Setting, Loss of Employer Group Health Plan, etc.

Other Enrollment Information:

• Advantage Plans renew January 1.
• Prescription Drug Plans renew January 1.
• Medicare Supplement plans renew during the year – each carrier having its own date. Plans are guaranteed renewable if premiums are paid. Plan F is only available to those who turned 65 prior to January 1, 2020.
• You have between October 15th to December 7th each year to make changes to your Medicare Advantage or Prescription drug plans. 
• Medicare Supplement plans will ask health questions if applying for coverage more than 6 months after enrollment in Medicare Part B and/or loss of group coverage.
• Medicare Advantage plans do not ask any health questions but require that you enroll within 31 days of loss of group coverage and/or enrollment in Part B.

Your monthly premium costs will include:

• Medicare Part B.
• Part D prescription drug coverage, either through a stand-alone Prescription Drug Plan (PDP) or as part of your Medicare Advantage Plan. (Prescriptions are included with the Advantage Plans)
• A Medicare Supplement Plan or a Medicare Part C/Advantage Plan to cover the Medicare A and B deductibles and coinsurance.
• You do not pay for the cost of an agent/consultant. Compensation is from the carriers based on the products sold to you by agent/consultant. Your monthly premium is not reduced if you do not use one.