Ok, you missed your Medicare Open Enrollment Period, now what?
Medicare’s Annual Election Period or AEP runs from October 15 to December 7 every year. This is the time of year where people enrolled in the Medicare program can make changes from Original Medicare to a Medicare Advantage, or from Medicare Advantage to back to Original Medicare plus add a Medicare Part D Prescription Drug Plan. You can also change from one Medicare Advantage or Prescription Drug plan to another for the coming year. Furthermore, you can enroll in a Part D Prescription Drug plan if you didn’t when you became eligible, keep in mind there could be a late enrollment penalty.
Open enrollment is a great time to change to a Medicare plan that better meets your needs. But what happens if you miss open enrollment for health insurance? Don’t worry. We’re here to help.