Medicare Advantage Open Enrollment Period
If you have a Medicare Advantage plan, make sure you understand the Medicare Advantage Open Enrollment Period (MA OEP). The MA OEP lets you make a one-time election to leave a Medicare Advantage plan, switch to a different Medicare Advantage plan, or go back to Original Medicare (Part A and Part B) with or without a prescription drug plan. You can also take advantage of the MA OEP if you're newly eligible for Original Medicare. You can do this from January 1 through March 31, 2024.
If you choose to go back to Original Medicare, you have until March 31, 2024 to enroll in a prescription drug plan if you leave a Medicare Advantage plan with drug coverage and won't have prescription drug coverage with your new Medicare Advantage plan.