The best time to buy a Medigap (Medicare supplement) policy is during your 6-month open enrollment period, because you can buy any policy sold in Wisconsin, even if you have health issues or concerns.
The open enrollment period automatically starts the month you’re 65 and enrolled in Medicare Part B (Medical Insurance). After this enrollment period, you may not be able to buy a Medigap policy due to health reasons. If you’re able to buy one, it may cost more.
The Medicare Annual Enrollment Period, also known as the Annual Election Period (AEP,) happens annually from October 15th to December 7th.
The AEP is the time of year when you can change your Medicare coverage. You can do this by joining a new Medicare Advantage Plan or by joining a new stand-alone prescription drug plan (PDP). You can also switch to Original Medicare with or without a stand-alone Part D plan from a Medicare Advantage Plan during this time.