Prepare for Medicare

• Turning 62: Contact your accountant, financial planner, and Social Security Advisor to coordinate a retirement timeline.

• Turning 64: Start preparing for Medicare Insurance now to learn important timelines, coverage, costs & penalties.

• Sept. 30: Annual Notice of Changes to your current plan are mailed to beneficiaries. Contact your Licensed Insurance Agent to review these important changes.

• Oct. 1 – 14: Pre-Annual Enrollment Period. This is your “First Look” opportunity to view next years plans with your licensed insurance agent.

• Oct. 15 – Dec. 7: Annual Enrollment Period for Medicare Advantage and Part D Prescription plans.

• Jan. 01 – Mar. 31: Medicare Advantage Open Enrollment Period. If you are already in a Medicare Advantage plan, you can make one change during this time to another Medicare Advantage plan, with our without drug coverage, or go back to Original Medicare and enroll in a Part D plan. This is also the same time frame as the General Enrollment Period for Part A and Part B if you did not enroll during your initial enrollment Period and do not have another valid election period available. Coverage takes effect the 1st day of the month following enrollment.

• Quarterly: Medicaid and Extra Help Beneficiaries may have the option to make quarterly changes to their Medicare Advantage and Part D drug plans from Jan 1 – Sept 30th.

• Yearly – Oct. 1: For many beneficiaries, this is the “lock in” period for Medicare Advantage Plans and Part D Drug Plans unless your situation qualifies you for a Special Enrollment Period.

• 25th Month of Disability: Generally Eligible for Medicare Part A & Part B, Medicare Part C Advantage Plans and Medicare Part D Prescription Drug plans.

• Turning 65 – Generally Eligible for Medicare Part A & Part B, Medicare Part C Advantage Plans, Medicare Part D Prescription Drug Plans and Medicare Supplements (Medigap).

Based on your personal situation, you may have other enrollment options available.