Understanding Medicare Enrollment Periods

When Do I Enroll in Medicare?

  1. Initial Enrollment Period (IEP) – When you are first eligible for Medicare, you have a seven-month period to sign up. This seven-month period includes the three months before your 65th birthday, your birthday month, and the three months after you turn 65.
  2. General Enrollment Period (GEP) — If you miss your Initial Enrollment Period, you can sign up between January 1 – March 31 each year. Your Medicare coverage will begin on July 1. You may have to pay a late-enrollment period in the form of a higher premium for Part B.
  3. Special Enrollment Period (SEP) — You may qualify for a Special Enrollment Period (SEP) and can enroll into Medicare or make changes to your current Medicare Supplement, Medicare Advantage, or Medicare Prescription Drug coverage when certain life events happen, including a move or if you lose other insurance coverage. Rules about when you can make changes and the type of changes you can make are different for each SEP.
  4. Open Enrollment Period – Open Enrollment, from October 15 – December 7, is for those who have Medicare and want to change their current Medicare Advantage or Medicare Prescription Drug plans to better meet their healthcare needs for the following year.

Beacon Associates are experts in Medicare and enrollment period qualifications. We are here to light your way as you learn the Medicare guidelines. Call us today or join us for our next “Turning 65” Workshop.

Information collected from https://medicare.gov and https://www.cms.gov/