Avoid costly mistakes!
It is important to review your coverage options carefully and make decisions in a timely manner. Additionally, it is important to understand the differences between Medicare Supplement and Medicare Advantage plans, as well as the differences between employer-sponsored plans and those available in the open market. It is also important to understand the different costs associated with each type of plan and how they may affect your overall budget. Finally, it is important to consider the specific needs of you and your family when making a decision about your group coverage.
Turning 63: For those with a higher net worth, contact your accountant and financial planner.
Turning 64: Start preparing for Medicare now to learn important timelines, coverage, costs & penalties.
Sept. 30: Annual Notice of Changes to your current plan mailed to beneficiaries. Contact your Senior Specialist to review these important changes.
Oct. 1 – 14: Pre-Annual Election Period. This is your “First Look” opportunity to view next year's plans
Oct. 15 – Dec. 7: Annual Election Period for Medicare Advantage and Part D Prescription plans
Quarterly: Medicaid and Extra Help Beneficiaries may have the option to make quarterly changes to their Medicare Advantage and Part D drug plans from Jan 1 – Sept 30th.
Yearly – Oct. 1: For many beneficiaries, this is the Lock in period for Medicare Advantage plans and Part D drug plans unless your situation qualifies you for a Special Election Period or you use the Open Enrollment period
25th Month of Disability: Generally Eligible for Medicare Part A & Part B, Medicare Part C Advantage Plans, and Medicare Part D Prescription Drug plans.
Turning 65 – Generally Eligible for Medicare Part A & Part B, Medicare Part C Advantage Plans, Medicare Part D Prescription Drug Plans, and Medicare Supplements (Medigap).
Based on your personal situation, you may have other enrollment options available.