OVERLAND PARK, Kan., Feb. 12, 2019 /PRNewswire-PRWeb/ -- Each year there are set times a person can enroll in Medicare or change existing Medicare plans. There are separate enrollment periods for Medicare Parts A and B (Original Medicare) and Medicare Part C (Medicare Advantage). Enrollment periods include:
Media Contact: Rachel Spear, [email protected]. 913.712.0177
SelectQuote is a licensed and certified representative of Medicare Advantage [HMO, PPO and PPFS] organizations [and stand-alone prescription drug plans] with a Medicare contract. Enrollment in any plan depends on contract renewal.
SOURCE SelectQuote
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- Initial Enrollment Period (IEP) – the first time an eligible person can enroll in Medicare Parts A and B. This timeline begins three months before the month of a person's 65th birthday and continues through the three months after a person's 65th birthday.
- Initial Coverage Election Period (ICEP) – the first time a newly eligible person can enroll in a Medicare Advantage plan. This often coincides with the Initial Enrollment Period.
- General Enrollment Period (GEP) – runs January 1 – March 31 each year and provides an enrollment opportunity for individuals who didn't sign up for Original Medicare (Part A and Part B) when they were first eligible. Individuals may have to pay a late enrollment penalty for not enrolling when first eligible and coverage will not start until July 1 of that year.
- Annual Enrollment Period for Medicare Advantage and Prescription Drug Plan (AEP) – current Medicare recipients can change or enroll in Medicare Advantage coverage during this period that runs October 15 through December 7.
- Special Enrollment Period (SEP) – certain life events can lead to an individual being eligible for enrolling in Original Medicare or enrolling in or changing Medicare Advantage coverage.
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- Moving to a new location where new plan options are available
- Losing employer coverage
- Being diagnosed with a qualifying chronic condition, such as diabetes or chronic heart failure
- Moving in or out of a skilled nursing facility or long-term care hospital
- Switch to a different Medicare Advantage Plan
- Drop Medicare Advantage and return to Original Medicare (Part A and Part B)
- Sign up for a stand-alone Medicare Part D Prescription Drug plan, if an individual elects to return to an Original Medicare plan
- Switch from Original Medicare to a Medicare Advantage plan
- Join a Medicare Prescription Drug plan (Part D)
- Switch Medicare Prescription Drug plans
Media Contact: Rachel Spear, [email protected]. 913.712.0177
SelectQuote is a licensed and certified representative of Medicare Advantage [HMO, PPO and PPFS] organizations [and stand-alone prescription drug plans] with a Medicare contract. Enrollment in any plan depends on contract renewal.
SOURCE SelectQuote