AEP (Annual Election Period)

A medicare enrollment paper form and glasses in Annual election period

Also known as the AEP, this is the period of time each year when it is permissible for anyone in Medicare to enroll in Part C (a Medicare Advantage Plan) and Part D (a Medicare Prescription Drug Plan). The AEP spans the period from Oct. 15 to Dec. 7, and any coverage purchased during this period is effective on Jan. 1 of the following year.

Michael purchased a Part D Prescription Drug Plan on Nov. 21, which was within the Annual Election Period, and he looked forward to having this coverage on Jan. 1.