What can I do during the Medicare Annual Election Period

During the Medicare Annual Election Period (AEP), which runs from October 15 to December 7, Medicare beneficiaries have the opportunity to make various changes to their Medicare coverage. Here’s what you can do during this period:

1. Switch from Original Medicare to a Medicare Advantage Plan (Part C)

2. Switch from Medicare Advantage to Original Medicare and enroll in a stand-alone Medicare Part D (prescription drug plan)

3. Change Medicare Advantage Plans

4. Enroll in or Switch Medicare Part D (Prescription Drug Plan)

Review and Update Your Coverage
This is the time to review your current Medicare Advantage or Part D plan to ensure it will continue to meet your needs in the coming year. Costs, coverage, and the network of doctors and pharmacies can change annually.

Key Points to Consider:
Changes take effect on January 1 of the following year.
It’s important to review the Annual Notice of Change (ANOC) from your plan to understand any adjustments in premiums, benefits, or provider networks for the next year.

By evaluating your options during the Annual Election Period, you can ensure that your Medicare coverage aligns with your healthcare and financial needs for the upcoming year.