HOW TO: ENROLL IN MEDICARE PART D
1. INITIAL ENROLLMENT PERIOD (IEP): When you first become eligible for Medicare, you have an Initial Enrollment Period. You can enroll in a Medicare Part D plan during this time, which typically aligns with your Initial Enrollment Period for Medicare Parts A and B. 2. ANNUAL ENROLLMENT PERIOD (AEP): The Annual Enrollment Period runs from October 15 to December 7 each year. During this period, you can do the following: Enroll in a Medicare Part D plan for the first time. Switch from one Part D plan to another. Discontinue your Part D coverage if you no longer need it. 3. SPECIAL ENROLLMENT PERIOD (SEP): There are specific circumstances that may qualify you for a Special Enrollment Period. Examples include moving to a new service area, losing other prescription drug coverage, or becoming eligible for Extra Help (Low-Income Subsidy). 4. EXTRA HELP (LOW-INCOME SUBSIDY): Low-income beneficiaries may be eligible for Extra Help, a program that assists with Part D plan premiums, deductibles, and copayments. You can apply for Extra Help through the Social Security Administration. 5. MEDICARE ADVANTAGE WITH PRESCRIPTION DRUG COVERAGE: Low-income beneficiaries may be eligible for Extra Help, a program that assists with Part D plan premiums, deductibles, and copayments. You can apply for Extra Help through the Social Security Administration. 6. MEDICARE PART D PLAN FINDER: To compare and choose Part D plans based on your specific medications and preferences, you can use the Medicare Plan Finder tool on the official Medicare website. 7. MEDICARE INSURANCE AGENT: You can also consult with a licensed Medicare insurance agent or broker who can help you find a Part D plan that suits your needs and budget.
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