You can enroll in a 2020 Medicare Advantage plan during a Medicare Enrollment Period. These are the different Medicare Advantage enrollment periods you should know about:
- Medicare Initial Coverage Election Period ICEP – This period is triggered when you’re first enrolled in Medicare Part A and Part B. This is your first chance to sign up for a Medicare Advantage plan.
- Medicare Annual Election Period AEP – Every year, everyone who is a beneficiary of Medicare Part A and Part B can make changes during this AEP. This period runs from October 15 to December 7 every year. You can sign up for, change or disenroll from an MA plan during this time.
- Medicare Advantage Disenrollment Period MADP – If you are unhappy with your Medicare Advantage plan and want to go back to Original Medicare, you can do so during this period.
- Medicare Advantage Open Enrollment Period MA OEP – This period has been replaced by the MADP.
- Medicare Special Election Periods SEP – Special election periods are triggered for those who are dealing with special circumstances and who might need to make changes to their policies. For example, if you move or lose coverage through your current insurance company, an SEP will be triggered so that you can sign up for a new plan. The SEP is designed so that you will not have to be without insurance if you don’t want to be.