Medicare Election Periods
One of the many things that confuses people about Medicare is knowing when they can enroll in a Medicare health or drug plan and when they can make changes to the plan that they have. Medicare has created several different Election Periods that people can use to enroll in plans. These enrollment periods primarily regulate Medicare Advantage Plans and Medicare Drug Plans (Part D). Outside of the election periods, changes generally cannot be made. Here are the basics of what you need to know. Initial Election Period (IEP) When you first receive Medicare Part A, even if you don't have Medicare Part B yet, you are eligible to enroll in a Part D Prescription Drug Plan. This is your Initial Election Period. You are not required to enroll in a…