The Annual Enrollment Period is actually an opportunity – not a burden. This is the only time of year, outside of special exceptions, when you’re permitted to switch your Medicare Advantage or Part D drug plan.
The Open Enrollment Period lasts from October 15 until December 7 each year, but what happens if you miss the deadline? Do you have to wait until the next year’s OEP to make changes to your coverage? Fortunately, seniors can change their coverage outside of the annual OEP under a few different circumstances.