Medicare Advantage or in 2008 renamed "Medicare Part C" will have its open enrollment starting November 15, 2007. The Annual Election Period (AEP) runs from November 15 until December 31, 2007. During that time, Medicare beneficiaries have the opportunity to make changes to their Part D drug benefits. In addition, seniors can enroll into Part C medical insurance replacing traditional Medicare/Medigap coverage.
Insurance carriers that voluntarily suspended sales of Medicare Advantage this summer are resuming sales. Agents will begin to market products for 2008 on October 1, 2007. However, applications cannot be taken until November 15. Details of any changes to the policies will be forthcoming.
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