-
1
Medicare’s annual open enrollment period runs from October 15 through December 7, with coverage changes taking effect January 1.
-
2
Beneficiaries can switch between traditional Medicare and Medicare Advantage, change Medicare Advantage plans, and enroll in or change Part D plans during open enrollment.
-
3
Traditional Medicare does not cover outpatient prescription drugs, so beneficiaries may enroll in Part D; late enrollment penalties may apply without other creditable drug coverage.
-
4
In the 2024 enrollment period, 65% of Medicare beneficiaries did not review alternative coverage choices, including 71% of traditional Medicare enrollees and 60% of Medicare Advantage enrollees.
-
5
Special Enrollment Periods allow eligible beneficiaries to change coverage outside annual open enrollment after specified events, such as moving or losing employer-sponsored coverage or Medicaid eligi
