During the annual Medicare enrollment period, enrollees can sign up for coverage or change their Medicare plans. Medicare Part A, B, C, and D applications are all required to be submitted during this period. Existing enrollees can also make any changes to their current plans during this open enrollment period.
The Medicare open enrollment period 2023 is the period to apply for health care for the 2024 calendar year. This period will begin on October 15 and will continue through December 8, 2023. Keep reading to learn more about Medicare enrollment and the changes you can make to your coverage during this time.
Many Americans will be eligible for Medicare coverage once they turn 65 years of age, but there are some circumstances that allow people to become eligible for coverage earlier. In most cases, beneficiaries will be able to receive healthcare coverage through Medicare Part A without needing to pay a monthly premium. Additionally, beneficiaries can expand their coverage by paying more for Medicare Part B and Part D to be included.
There are many Medicare enrollment options that have different eligibility requirements to qualify. Here is a brief overview of the different parts of Medicare and their eligibility criteria:
- Generally, Americans will become eligible for the Medicare program when they turn 65.
- Beneficiaries under 65 may be eligible if they have received Social Security Disability benefits for two years or if they have been diagnosed with ALS or end-stage renal disease.
- To qualify for the Medicare Part A with a premium-free plan, you or your spouse must have worked for a minimum of 10 years in the United States, and you must have paid Medicare taxes in that time.
- You are eligible for Medicare Part D prescription drug coverage if you are enrolled in either a Medicare Part A or Part B plan.
Depending on your income, the total cost of your Medicare Part B coverage and Part D coverage can vary. The higher your income, the more you will have to pay for your coverage.
In most cases, you will automatically be enrolled in Medicare once they turn 65, but there are some specific circumstances where you will be required to apply.