A: For 2021 Medicare coverage, annual election period is in the fall of 2020, from October 15 to December 7 (2021 Marketing begins October 1, 2020).
During this Annual Enrollment Period (AEP) you can make changes to various aspects of your health insurance coverage.
If you want to enroll in a Medicare Advantage plan, you must meet some basic criteria.
What if I have End-Stage Renal Disease (ESRD)?
If you have ESRD, you can enroll in a Medicare Advantage Plan during Open Enrollment (October 15–December 7, 2020). Your plan coverage will start January 1, 2021.
Tips for the Medicare Annual Enrollment Period
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Here’s a quick rundown of what you can do during the Annual Enrollment Period:
Changes you make during the AEP go into effect January 1 of the next year.
Suppose you’re enrolled in a Medicare Advantage plan and you want to switch to Original Medicare, Part A and Part B. You can make this change during the Medicare Advantage Open Enrollment Period(OEP), from January 1 to March 31 each year.
If you switch to Original Medicare during this period, you will have until March 31 to enroll in a Medicare Part D prescription drug plan. This coverage is optional, but if you wait until a future date to add it, you could pay a penalty for late enrollment (see below). Your coverage will begin the first day of the month after the plan gets your enrollment form.
If you have a Medicare plan, you can also switch to another Medicare plan during the Medicare Advantage Open Enrollment Period.
Medicare allows changes outside the standard enrollment periods in specific situations that are often out of the beneficiary’s control, such as Medicare ending its contract with your plan, through Special Election Periods (SEPs). Other examples of these situations include, but are not limited to, the following:
You could be charged a late-enrollment penalty (an amount that is added to your Medicare Part D premium for as long as you have this coverage) if all of the following are true:
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