Did You Know: What enrollment period should I use?
What enrollment period should I use? This is the most common question that we get, so here is a helpful guide.
A situation that often arises that agents didn’t know about is where an individual delays Part B and now is ready to retire and enroll. They will use the special election period (SEP) of loss of employee coverage to enroll into the Part B of Original Medicare. But what happens with the enrollment period of the additional Medicare Health Plan?
- Medicare Supplement - You have 6 months from the date of Part B.
- Part D Prescription Drug Plan - Goes off the Part A effective date, so you have to use SEP (63 days).
- Medicare Advantage Plan - IEP (initial election period) or SEP is available. If you want to use IEP you must request an effective date of the MAPD that matches the Part B effective date. If those two dates do not match, and the Part A & B of Original Medicare effective dates are more than 3 months apart, you must use the SEP to enroll into the MAPD.