When Can I Sign Up for or Change a Medicare Plan?

Question

Are there specific times of the year when I can enroll in or change my Medicare coverage?

Answer

Yes. Medicare has specific enrollment periods, and understanding them can help you avoid missed opportunities or late-enrollment penalties.

For most people, the Initial Enrollment Period begins three months before the month you turn 65, includes your birthday month, and continues for three months afterward.

Once you have Medicare, the Annual Open Enrollment Period runs October 15 through December 7. During this period, you can make certain changes to Medicare Advantage and prescription drug coverage for the following year.

If you’re already enrolled in Medicare Advantage, there is also a Medicare Advantage Open Enrollment Period from January 1 through March 31 when you may make one qualifying change. Certain life events can also create a Special Enrollment Period.

Lighthouse Health Advisors can help you determine which enrollment period applies to your situation and what choices you have.

Key Takeaways

• Initial Enrollment generally surrounds your 65th birthday.
• Annual Open Enrollment is October 15–December 7.
• Medicare Advantage has an additional January 1–March 31 enrollment period.
• Special circumstances may allow changes at other times.
• Don’t wait until the last minute to review your options.