Medicare Advantage Plans, also known as Medicare Part C, are plans offered by private insurance companies. These plans are contracted by Medicare to provide Part A (hospital), Part B (medical) and often Part D (prescription drug) benefits.
Enrollment into Medicare Advantage Plans is typically only available during certain enrollment periods throughout the year.
The Initial Enrollment Period (IEP) occurs when you first become eligible for Medicare. Once eligible, you have a seven-month window to enroll. This period includes three months before, the month of and the three months following your Part B effective date.
The Annual Enrollment Period (AEP) occurs each year from October 15 through December 7. You can enroll or change your coverage plans.
There is also the option of qualifying for a Special Enrollment Period (SEP), if you cannot to enroll during the IEP or AEP. Most Medicare recipients qualify for SEP based on factors such as moving counties or states, loss of current health care coverage or income limits allowing year-round changes. Each plan offers different benefits and is city and county specific.
If you’d like to learn more about your enrollment eligibility, call us and we will help you determine what plans are best suited for you.
For more information from Medicare about Medicare Advantage Plans, click the button below.