With Medicare’s Annual Enrollment Period (AEP) coming to an end, agents and advisors have spent the last month enrolling Medicare beneficiaries in Medicare Advantage (MA)and Prescription Drug Plans (PDP) for 2021.
Come Dec. 7 – the date AEP ends – many agents and advisors will take some well-deserved time off to recharge and reconnect with family and friends. But smart agents and advisors know that another important enrollment period starts on Jan. 1: the Medicare Advantage Open Enrollment Period (OEP).
OEP, which runs from Jan. 1 to March 31 – is the time when Medicare beneficiaries enrolled in MA plans have the opportunity to make a one-time election to change their coverage. The change will take effect the first of the month after the plan receives the change request.
During OEP, the beneficiary can:
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Switch to another Medicare Advantage Plan (with or without drug coverage).
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Dis-enroll from the Medicare Advantage Plan and return to Original Medicare. The beneficiary will be able to join a Part D plan.
We are in the business of providing exceptional services to our clients. Please reach out for any questions, concerns or to schedule an appointment for your Original Medicare or Medicare Advantage Plan review by stopping by our office or reaching out by phone (623) 889-7600 Monday through Friday!