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Medicare BackOffice

Quarterly Partner eNewsletter

Q4 2020

 
It’s Medicare’s Annual Election Period: What You Need to Know
 FROM THE TOP 

It’s Medicare’s Annual Election Period: What You Need to Know

COVID-19 has made us all think more about our health and health insurance. Show clients that you care not just about their financial plan but also about their overall well-being. This Medicare Annual Election Period (AEP), check on how they’re doing, and remind them of the importance of reviewing their Medicare plans during the open enrollment window Oct. 15 through Dec. 7.

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Dates To Know


Jan. 1 – March 31
General Enrollment Period
When someone who did not enroll in Medicare Part B during his or her initial enrollment period gets another chance to sign up. But, he or she may have to pay a late enrollment penalty.

Jan. 1 – March 31
Open Enrollment Period (OEP) for MA or MA-PD
When existing Medicare Advantage and/or MA-PD members can switch from one MA plan to another, or disenroll from MA and go back to Original Medicare with the option of adding a stand-alone Part D plan.

April 1 – Oct. 14
"Lock-in Period"
When most Medicare beneficiaries are unable to change their underlying Medicare coverage, unless they have a Special Election Period.

Oct. 15 – Dec. 7
Open Enrollment Period for Medicare Advantage and Medicare Part D Prescription Drug Coverage
Open to anyone in the Medicare program, this is when you can:
  • Change to a Medicare Advantage (MA) plan or a Medicare Advantage plus Part D (MA-PD) plan from Original Medicare
  • Change from an MA or MA-PD plan to Original Medicare
  • Change one MA plan or MA-PD plan to another MA or MA-PD plan
  • Enroll in a Part D plan
  • Change from one Part D plan to another

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