There are set times when you can enroll in a Medicare Advantage plan:
Initial Coverage Election Period (ICEP)
ICEP is a seven-month period that is your first opportunity to choose a Medicare health plan. It starts three months before the month you turn 65 and ends three months after the month you turn 65. If you are under 65 and you receive Social Security disability, you are eligible for Medicare in the 25th month after you begin receiving your Social Security benefits.
Annual Election Period (AEP)
Also known as open enrollment, the AEP is October 15 through December 7 each year. Once January hits, coverage for your selected Medicare Advantage plan will begin. During this time, you may also add, change, or drop current coverage.
Medicare Advantage Open Enrollment Period
During this period, you can switch from one Medicare Advantage plan to another. Or, you can end it to return to Original Medicare.
Special Election Period
Many factors can stimulate a special election period and they are unique to an individual. It’s best to speak with a licensed Medicare insurance agent to find out whether you qualify for a special election period. However, there are a few common situations, like if you move outside your Advantage plan’s service area, move into a nursing home, or qualify for additional aid, you could be eligible for this special election period. You can institute changes to your Medicare Advantage plan during this period or go back to Original Medicare.
If you have questions or would like more information about Medicare Advantage for Veterans, call 800-515-4031 to speak with a Medicare specialist.