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Medicare AEP and OEP 2023: Are You Ready?

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Medicare beneficiaries have two crucial periods in the year to make changes to their coverage: the Annual Enrollment Period (AEP) and the Open Enrollment Period (OEP). In this article, we'll explore what AEP and OEP stand for, the differences between the two, and how primary healthcare providers like Access Health Care Physicians, LLC , can assist you in making informed decisions during these periods. Understanding AEP and OEP: AEP (Annual Enrollment Period): Annual Enrollment Period is the time each year when Medicare beneficiaries can make changes to their existing Medicare Advantage (Part C) and Prescription Drug (Part D) plans. It typically runs from October 15th to December 7th. OEP (Open Enrollment Period): Open Enrollment Period , also known as the Medicare Advantage Disenrollment Period, allows individuals who are enrolled in a Medicare Advantage plan to switch back to Original Medicare (Part A and Part B) and, if needed, enroll in a standalone Part D plan. OEP takes pla