Medicare Advantage Open Enrollment Period

The new Medicare Advantage Open Enrollment Period (OEP) is January 1 through March 31. It allows individuals enrolled in an MA plan to elect a one-time switch to another MA plan (with or without Part D coverage) or to return to Original Medicare. Those using this OEP to make a change may make a coordinating change to add or drop Part D coverage. Those who enroll in a Medicare Advantage plan during their initial election period are also afforded an open enrollment period in the first three months they have Medicare.

 

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The following examples are for those who enrolled in an MA plan during an Initial Election Period or Special Election Period.

Example: Someone New to Medicare

A beneficiary’s 65th birthday is on June 20, 2019; she is eligible for Part A and Part B on June 1, 2019.

  • Her Initial Coverage Election Period (ICEP) is 3 months before, the month of, and 3 months following the month of entitlement: March 1 through September 30, 2019.

  • She enrolls in a Medicare Advantage plan effective June 1.

  • MA OEP for her begins the month of entitlement to both Part A and Part B (June) and continues through the last day of the 3rd month from the month of entitlement (August). In other words, her MA OEP runs from June 1 through August 31.

 

Example: Someone Who Continues to Work

A beneficiary’s 65th birthday is April 20, 2018; she is eligible for both Part A and Part B beginning April 1, 2018. She continues working and doesn’t enroll in Part B until she retires. She uses the Part B Special Election Period (SEP) to in enroll in Part B on May 1, 2019.

  • Her ICEP is 3 months before her Part B effective date: February 1 through April 30, 2019.

  • She enrolls in a Medicare plan effective May 1, 2019.

  • MA OEP for her begins the month of entitlement to both Part A and Part B (May) and continues through the last day of the 3rd month from the month of entitlement to both Part A and Part B (July). In other words, her MA OEP runs from May 1 through July 31.

Art Jetter & Company © 2018   For financial professional use only. Not for use with the general public.

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