Most Open Enrollment Periods have expired, so most people are locked into their policies for the remainder of 2023. This is true for people Under 65 and insured by a Marketplace or privately purchased individual plan as well as people Over 65 who have Medicare Advantage (MAPD) or Prescription Drug plans (PDP).
Here 3 exceptions to changing plans mid-year:
If you have an MAPD plan, you are in the Medicare Advantage Open Enrollment Period (OEP) and can make a one-time change to:
Switch from one MAPD to another MAPD
Disenroll from an MAPD and return to Original Medicare, with or without a Part D drug plan
You may not change from one PDP to another PDP.
There are Special Enrollment Periods (SEP) where plans can be changed mid-year due to special circumstances like moving to a different state, gaining or losing Medicaid, getting married or having a child. There are many others, so if you think you may qualify for a SEP reach out to us and we can help you evaluate whether a SEP applies to you.
Some types of insurance can be purchased or changed at any time of year such as Medicare Supplements, Short Term Medical, Ancillary or Life insurance policies. Short term plans expire mid-year and must be replaced, so pay attention to when your plan expires. If you have questions about these types of plans, contact us to find out more.