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Do I Have to Wait for Open Enrollment to Change My Plan?

If you are looking for a best-rated Medicare broker in Florida, look no further than the top-rated Medicare brokers at Medicare Sharks. Did you know you don't have to wait for open enrollment to change your plan? During certain times of the year, you can apply for Medicare and change your plan to something that better fits your needs. We understand that making decisions about health care can be difficult, so we are here to help! Keep scrolling to learn more about Medicare enrollment, and be sure to contact us today to get started on your services.

Medicare enrollment form

Initial Enrollment Period

The Initial Enrollment Period (IEP) is the best time to sign up for Medicare. This period starts three months before the month you turn 65 and ends three months after that month. For most people, this means they will enroll in Medicare during their 60s. If you wait to enroll, you may have to pay a late enrollment penalty.

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Change Anytime in the First Three Months

If you decide that you want to change your Medicare plan after your IEP, you can do so anytime during the first three months of coverage. This is called the "trial period." You can switch to a different plan or drop Medicare Advantage and return to Original Medicare during this time. You will not have to pay a late enrollment penalty if you make these changes during the trial period.

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Special Enrollment Periods

You may be able to enroll in Medicare outside of the IEP if you qualify for a Special Enrollment Period (SEP). These periods allow people who missed their IEP or who had a life event that changed their health insurance options to sign up for Medicare. Examples of life events that may qualify you for an SEP include moving to a new area, losing other health insurance coverage, or getting married. If you think you may qualify for an SEP, contact the Social Security Administration or experienced Medicare brokers like Medicare Sharks. We can help you determine if you qualify and enroll you in the best plan for your needs.

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End of the Year

The best time to switch your Medicare Advantage plan is during the Annual Election Period (AEP). This period runs from October 15 to December 7, with changes going into effect on January 1. An experienced Medicare broker can help you understand all of your options and find the best plan for your needs.

Do you need help finding the best Medicare plan for your needs? Then the top-rated Florida Medicare brokers at Medicare Sharks are here to help! We are a team of experienced Medicare brokers who can help you understand your options and find the best plan for your needs. Contact us today to get started on your services. We look forward to helping you!