What is the Annual Election Period (AEP) for Medicare?

The Annual Election Period (AEP) for Medicare takes place from October 15 to December 7 each year. During this time, beneficiaries have the opportunity to make changes to their Medicare coverage. This includes switching from Original Medicare to a Medicare Advantage plan, moving from one Medicare Advantage plan to another, or changing prescription drug plans.

This period is crucial because it allows Medicare beneficiaries to evaluate their current health care needs and choose a plan that may better suit those needs for the upcoming year. The changes made during the AEP will go into effect on January 1 of the following year, ensuring that beneficiaries have the right coverage as they begin the new calendar year.

The other timeframes mentioned in the incorrect options do not represent the Annual Election Period for Medicare and serve different purposes within the larger Medicare enrollment schedule.