Medicare Annual Election Period (AEP) may be over but Medicare Open Enrollment Period (OEP) is back starting January 1st 2024. Learn what you can & cannot do during Medicare OEP.
During Medicare OEP, individuals enrolled in MA plans as of January 1 will have a one-time opportunity to do the following:
Switch to a different Medicare Advantage Plan.
Drop their current Medicare Advantage plan and return to Original Medicare.
If returning to Original Medicare, enroll in a stand-alone Part D Prescription Drug Plan
Elections made during Medicare OEP take effect on the 1st of the month following receipt of enrollment request.
Please note: MA OEP DOES NOT allow an individual enrolled in Original Medicare to join a MA plan. Furthermore, it doesn’t allow for Part D changes for individuals enrolled in Original Medicare. Likewise, OEP isn’t an option for those enrolled in Medicare Savings Accounts or other Medicare health plan types, including cost plans or PACE.
To speak to a licensed & certified Medicare insurance specialist about your Medicare OEP options, call Safe Havens Insurance at 813.280.9560!
