What does open enrollment mean?
Open enrollment is a period each year that you can or have to sign up for new health insurance benefits (if you don’t already have them) or change existing benefits. It has much to do with your age and whether you receive Medicare benefits.
If you are on Medicare or over 65, we call it the Annual Enrollment Period (AEP). The Medicare AEP for 2023 is from October 15, 2022, to December 7, 2022. If you are enrolled in Medicare and a Medicare Advantage plan (Part C) or have a prescription drug plan (Part D), you can change your benefits or change carriers during this time.
If you have a Medicare supplement, you are not affected by this open-enrollment period. However, many are on a Medicare Supplement and carry a separate prescription drug plan (Part D). Individuals can change a Prescription-Drug Plan (Part D) during this open-enrollment period, and Medicare Supplements can be changed anytime if you meet health underwriting qualifications.
If you are under 65 years old and not on Medicare, open enrollment for the Federal Marketplace (Healthcare.gov) runs from November 1, 2022, to December 15, 2022. If you do not have healthcare insurance, you can sign up for coverage between those dates.
Please get in touch with us if you have questions about these “open enrollment” dates or Health Insurance.
Please make an appointment to discuss your options with us.