Medicare Annual Enrollment is almost here!

Medicare’s Annual Enrollment Period (AEP) happens every year from October 15 to December 7. It's your limited-time opportunity to make changes to your Medicare coverage. AEP can feel confusing, but this blog will simplify the most common questions and empower you to take informed action. Read through each FAQ carefully, even if you think your plan is working just fine.

What if I miss the Open Enrollment deadline?

Unless you qualify for a Special Enrollment Period due to a major life event, you’ll need to wait until next year’s window to make changes. Missing the deadline means you might have to stick with a plan that isn’t optimal for you, so timely action is critical.

What changes can I make during Open Enrollment?

You can switch from Original Medicare to a Medicare Advantage plan, change from one Advantage plan to another, or modify your Part D prescription coverage. This flexibility offers you the chance to tailor your coverage to better meet your healthcare needs.

What’s the difference between Original Medicare and Medicare Advantage?

Original Medicare is government-managed and typically paired with separate drug coverage and optional Medigap. Medicare Advantage plans are offered by private insurers and often bundle medical and drug benefits, with some including extras like dental or vision. Choosing the right one depends on your specific requirements and preferences for additional benefits.

When can I learn about next year’s plans?

Information for next year’s plans is available beginning in October. Call 1-800-MEDICARE or visit Medicare.gov. This allows you to review new options and make changes that align with your healthcare and financial goals.

Do I need to do anything if I’m happy with my current plan?

Even if you’re satisfied, it may be a good idea to review your coverage. Premiums, provider networks, and drug formularies can change each year. Keeping an eye on these elements can help avoid unexpected costs or coverage changes.

Understanding the Medicare Annual Enrollment Period gives you control over your healthcare decisions. Start researching early, use trusted resources like Medicare.gov, and speak with a professional if needed. Remember, even a small review of your plan can lead to big savings or better coverage in the year ahead.