Medicare Advantage Plans (MAPD) and Prescription Drug Plans PDP) have several enrollment opportunities below is the list of election periods.
Initial Election Period IEP when an individual is turning 65 and elects to take Part A and B at the same time.
Annual Election Period AEP is the time of year from October 15th to December 7th when individuals may elect to change their plans.
Open Enrollment Period OEP from January 1st thru March 31st a person may may a one time change from one MAPD to another MAPD or leave an MAPD and go back to original Medicare a elect to enroll in a PDP.
Special Election Period SEP is an election period that is utilized throughout the rest of the year when a change in status occurs; I.E. moving out of a coverage area, loss of coverage, a plan terminates service in an area, etc.
5 Star Special Election Period 5 Star SEP is a plan in an area that has received a 5 Star rating may at any time from December 8th to October 14th of the following year enroll an individual into that plan with a 1 time election period.