Each year from October 15 to December 7, Medicare offers you the option to make changes to your Medicare coverage. Changes you make during this Medicare Open Enrollment Period will go into effect the following January 1.
You are not required to make changes to your coverage. But keep in mind that reviewing your current plan as well as the options available to you could ultimately save you money.
You can opt to do the following during the Open Enrollment Period:
Depending on the state in which you live, you might also be able to purchase a supplemental insurance policy, known as Medigap, during this time. Reach out to your state’s Health Insurance Assistance Program (SHIP) for more information about the Medigap enrollment rules in your state.
Ask the Experts
Need assistance? There are numerous resources available not only during the open enrollment period, but also year-round. Here are a few reliable ways to seek some help: