What Happens if I End Up Not Liking the Plan I Picked During the Annual Enrollment Period?

You can make as many changes as you want between October 15 and December 7, but only the last change you make will take effect on January 1. If you choose a plan and realize that it is the wrong plan after the Annual Enrollment Period is over, in most cases, you will not be able to change your coverage until the next Annual Enrollment Period. For this reason, it is important to carefully consider all of your options and take the time to research each plan in order to make a decision that fits your health care needs.

However, if you have a Medicare Advantage Plan you can switch from your Medicare Advantage Plan to another Medicare Advantage Plan, or to Original Medicare with or without a stand-alone prescription drug plan (Part D), during the Medicare Advantage Open Enrollment Period (MA OEP). The MA OEP occurs each year from January 1 through March 31. You can only use this enrollment period if you have a Medicare Advantage Plan, Those with Original Medicare cannot enroll in a Medicare Advantage Plan or switch their Part D plan using this enrollment period. Changes made during this period take effect the first of the month following the month you enroll. For example, if you switch to a new Medicare Advantage Plan in February, your new coverage begins March 1. Unlike the Annual Enrollment Period, you can only make a single change during the MA OEP.

Under certain circumstances, you may be eligible for a Special Enrollment Period (SEP) in order to change your Medicare Advantage or Part D coverage. SEPs allow you to change your health and/or drug coverage outside normal enrollment periods. For example, if your Medicare Advantage Plan would leave your area or you would move out of your plan’s service area, you would receive a SEP to switch to another

Read Next: How Does the Medicare Plan Finder Work?
Find Out: Is There Any Payment Help for My Prescription Drug Costs?
Return to: Medicare Part D

This content was created and copyrighted by the Medicare Rights Center ©2020. Medicare Rights Center is a national, nonprofit consumer service organization that works to ensure access to affordable health care for older adults and people with disabilities. These materials are presented here with support from YourMedicare.com and may not be distributed, modified or edited without Medicare Rights’ consent.

YourMedicare.com takes pride in providing you as much information as possible concerning your Medicare options, but only a health insurance broker licensed to sell Medicare can help you compare your plan options from various insurance companies. When you’re ready, we recommend you discuss your needs with a YourMedicare.com Licensed Sales Agent.