MHI – Q: What Is The Medicare General Enrollment Period (GEP)?

Posted by MedEd at MHI
A: Think of it as your chance to do what you should have done during your Initial Enrollment Period. You can sign up for Part A and Part B during the annual General Enrollment Period (GEP) if you did not take care of that when you first became eligible for Medicare.

The GEP occurs every year between January 1st – March 31st. Enrollment requests submitted during this time become effective on July 1. Since both Part A and Part B are required to purchase Medicare Supplements and Medicare Advantage plans, you will not be able to purchase either one until July 1st.

To make matters worse, you’ll be charged a 10 percent late enrollment penalty for each 12-month period you delayed signing up for Part B. The penalty continues as long as you remain on Medicare.
In this instance, time really is money, isn’t it?

Still undecided on which plan suits your needs?

Click to compare benefits.

Are you ready to start saving money with MHI?

Click here to start saving money with MHI!

Why purchase a Medicare Supplement plan?

Learn more about purchasing a medicare supplement plan here!
  • Insured by Members Health Insurance Company, Columbia, TN.
  • Not connected with or endorsed by the U.S. or state government.
  • This is a solicitation of insurance. A representative of Members Health Insurance Company may contact you.
  • Benefits not provided for expenses incurred while coverage under the group policy/certificate is not in force, expenses payable by Medicare, non- Medicare eligible expenses or any Medicare deductible or copayment/coinsurance or other expenses not covered under the group policy/certificate.
TEST