Open Enrollment Period (OEP)

Open Enrollment Period (OEP): the time when you review and can change Part C or D coverage; it runs from October 15 – December 7 each year and coverage begins on the first day of the following year.

We always say “it pays to compare” your drug plans every year. More than half of the people who come to see us during OEP who have Part D drug coverage find that they benefit by changing plans to a policy that provides better coverage at better prices for the upcoming year. Plans change their formularies (what drugs they cover and at what rates they cover them) every year, and your list of medications can change from year to year. Those who switched plans when they worked with Senior PharmAssist in the fall of 2016 saved an average of $935 on projected medication expenses for 2017.

If you qualify for “extra help” through a federal program that lowers your drug costs, you can change your Medicare drug coverage at any time.  There are other special circumstances when you can change your drug plan outside of the Annual Election Period, click here for information about the Special Enrollment Period.

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