Medicare Enrollment Periods
If you are nearing the age of 65, it is time to start thinking about Medicare insurance. Medicare is a government-run health insurance program that provides coverage for Americans aged 65 and older, as well as those who are disabled. At Medicare Sharks, our goal is to provide you with the knowledge and resources you need to make an informed decision about your Medicare coverage. Receive your free quote from our medicare agents in West Palm Beach today!
A Look at the Different Enrollment Periods
Initial Enrollment Period (IEP)
The Initial Enrollment Period is a seven-month period that includes the three months before an individual turns 65, the month of their birthday, and the three months after their birthday.
Annual Election Period (AEP) - October 15th-December 7th
The Annual Election Period is the time each year when you can make changes to your Medicare Part D or Medicare Advantage coverage.
General Enrollment Period (GEP) - January 1st-March 31st
The General Enrollment Period is for people who did not sign up for Part B during their Initial Enrollment Period or those that missed their IEP.
Medicare Advantage Open Enrollment (MAOEP) - January 1st-March 31st
The Medicare Advantage Open Enrollment Period is the time each year when you can make changes to your Medicare Advantage Plan or leave it entirely.
Special Enrollment Period (SEP)
A Special Enrollment Period is a time outside of the Initial Enrollment Period when you can sign up for Medicare — dependent on your circumstances and qualifying events.
Medigap Open Enrollment Period (MOEP)
The Medigap Open Enrollment Period is the time each year when you can make changes to your Medicare Supplement Plan or purchase a new plan.
The Importance of Understanding the Enrollment Periods
As you can see, there are several different enrollment periods for Medicare insurance. It is important to understand which one applies to you so that you can make the necessary changes to your coverage. Medicare Sharks is here to help you every step of the way as the best-rated medicare brokers in West Palm Beach. Contact us today to learn more about your options and to receive a free quote!
How Medicare Sharks Can Help
The enrollment periods for Medicare can be confusing and overwhelming. Our team of expert medicare agents in West Palm Beach will work with you to find the best plan for your needs and budget. We understand that each person's situation is unique, which is why we take the time to get to know you and your needs. Contact us today to get started!