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Medicare Advantage

Helping Clients Understand Medicare, Steinlage Insurance Agency

Open Enrollment vs. Annual Enrollment: What Does it Mean?

By Medicare, Medicare Advantage

It may seem lately that it’s impossible to turn on the television or listen to the radio without hearing something about Medicare open enrollment and annual enrollment. The worst part is that the terminology can be confusing. “Fall enrollment period,” “annual election period,” “annual enrollment,” “Medicare Advantage enrollment period,” “AEP,” and “OEP” are just a few of the terms that get tossed in the mix. There are two types of enrollment periods for Medicare: annual enrollment and open enrollment. Though they are sometimes called by different names, it all boils down to these two timeframes and what you can and cannot do during each. So what do they mean for you? Medicare Annual Enrollment (AEP) Annual enrollment, often referred to as AEP, takes place in fall, October 15 through December 7. This is the time when you can make changes to your Medicare plan to make it work better for…

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