The National Medicare Education Week is just around the corner!

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The National Medicare Education Week (NMEW) is an annual event that is dedicated to helping current and prospective Medicare beneficiaries and their families to understand and know more about Medicare.  This year, the 5th annual NMEW begins on September 15, exactly one month before the start of the Medicare Open Enrollment Period: October 15 to December 7.

The event brings together physicians, caregivers, beneficiaries and their families to share knowledge about Medicare.  Everyone can participate by attending a NMEW event.

What is the Medicare Open Enrollment Period?

Open Enrollment Period is the time when people can enroll in Medicare Advantage Plans and/or Medicare Prescription Drug Plans, or choose to switch plans.  After the Medicare Open Enrollment Period, people have till February 14 to drop out of their Medicare Advantage Plan, and return to original Medicare.

When to first enroll in Medicare?

Your first chance to sign up for Medicare is known as Initial Enrollment Period (IEP).  This includes your birthday month, and 3 months before and after it: a total of 7 months.

If you miss the Initial Enrollment Period (GEP), you are provided with a General Enrollment Period, during which you can enroll in Original Medicare.  You may have to pay a late enrollment penalty to enroll during this time.  Once enrolled, you will have the option to change your plan in the Medicare Open Enrollment Period.

You may qualify to enroll in a plan or change it in a Special Enrollment Period (SEP).  This is reserved for people with special circumstances, and later penalty is also not applicable.

How to get help with Medicare?

It is okay to be confused about, and wary of your health insurance options.  For more information on Medicare, you can contact a licensed insurance agent at www.etelequote.com, an independent digital insurance agency providing suitable Medicare insurance options to customers.

Sources:

Health.com
Fpasandiego.org
Chicagotribune.com

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