What is the open enrollment period for Medicare Part B?

The open enrollment period for Medicare Part B indeed runs from January 1 through March 31. During this time, eligible individuals can enroll in Part B or make changes to their existing coverage without facing any penalties or restrictions. This three-month window aligns with the general enrollment period for Medicare, which is important for those who did not sign up during their initial enrollment period when they first became eligible.

Understanding this timeframe is crucial for both individuals approaching Medicare eligibility and financial advisors assisting clients with health care planning. Ensuring coverage is established during the open enrollment period helps individuals avoid gaps in health insurance, as Medicare Part B is vital for covering many outpatient health services.