Medicare enrollment can seem daunting, but knowing the key dates and deadlines can help you navigate the process smoothly. The Initial Enrollment Period (IEP) is a 7-month period that starts 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65. During this time, you can enroll in Medicare Part A and Part B.
The General Enrollment Period (GEP) runs from January 1 to March 31 each year. This is for individuals who didn’t enroll in Part B during their IEP. If you enroll during the GEP, your coverage will start on July 1 of that year, and you may be subject to a late enrollment penalty.
The Medicare Open Enrollment Period (OEP) takes place from October 15 to December 7 each year. During this time, you can make changes to your Medicare coverage, such as switching from Original Medicare to a Medicare Advantage plan or vice versa, or changing your Part D plan. Staying informed about these enrollment periods is crucial for managing your Medicare coverage effectively.
