Medicare consists of 4 parts that describe coverage: Part A, B, C, and D.
Think of these parts as the building blocks of basic coverage that includes hospital, outpatient and prescription drugs. Familiarize yourself with each part.
Medicare and Medicare Advantage are both plans but are administered differently. Original Medicare is a federally funded and managed program. Medicare Advantage plans are offered by private companies on the open market. Why is this important to know? Because which path you choose may change the benefits offered and your choices.
Open Enrollment vs. Annual Enrollment
Open enrollment – For anyone already enrolled in a Medicare Advantage plan
Annual enrollment – For people with Medicare, allowing coverage changes for upcoming year.
October 15 - December 7
Medicare’s Annual Election Period. This is the time to make changes for the upcoming year if you have Medicare. Be sure to review any plan information. No action is needed if your coverage still fits your needs.
January 1 – March 31
This period is the Medicare Advantage Open Enrollment time frame. This period is only for members who have a Medicare Advantage plan.
Neither time periods apply to Medigap coverage which is a different type of supplemental insurance.
Any of the following scenarios can happen during this time:
First-time Medicare enrollees
If you’re completely new to Medicare, you’ll need to understand other important time frames.
First time enrollees can enroll during a 7-month period:
Special Medicare AEP circumstances
Special circumstances may apply to your situation. If you’ve left a job or if you’re under 65 and have end-stage kidney disease or have been receiving SSDI checks for 24 months.
Content contained on this page is for informational purposes only and does not constitute medical advice. Consult your health care provider before beginning any new fitness or dietary plan. References provided are for informational purposes only and do not constitute endorsement of any websites or other sources. Should you have any health-related questions, you should contact your health care provider.
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