What is the Medicare Annual Enrollment Period?

Answers provided by Megan May, Breitenfeldt Group licensed agent 

What is the Annual Enrollment Period (AEP), and why is it important?

A: The Annual Enrollment Period (AEP) is the time each year when Medicare beneficiaries can review and make changes to their coverage. It runs from Oct. 15 to Dec. 7, and any updates made during this time go into effect on Jan. 1 of the following year. It’s especially important if your health needs, prescriptions, budget, or current plan selection have changed.

What changes can I make during AEP?

During AEP, you have several options, including:

• Switching from Original Medicare to a Medicare Advantage Plan (Part C)

• Changing from one Medicare Advantage Plan to another

• Dropping Medicare Advantage and returning to Original Medicare

• Adding, changing, a Medicare Part D (prescription drug) plan

Even if you’re happy with your current coverage, it’s wise to check if your plan is still the most suitable option for your needs.

Why should I review my Annual Notice of Change (ANOC)?

Reviewing your ANOC each year is essential. Medicare plans can change annually, and your ANOC outlines important updates such as:

• Premium changes

• Copay or coverage adjustments

• Updates to the list of covered drugs (formulary)

• Changes in network providers (doctors, pharmacies, hospitals)

• Notification if your plan is exiting your area

Taking a few minutes to review this document can give you time to explore other options if need be and help prevent surprises in the new year.

Can insurance companies discontinue their Medicare plans?

Yes, insurance companies can choose to discontinue certain plans in specific regions. If your plan is discontinued, you will be notified. This gives you time to review your options and enroll in a different plan available in your region.

How can I get help comparing Medicare plans?

A: You’re not alone and free, trustworthy help is available. Consider using these resources:

• A Licensed Independent Broker, like Breitenfeldt Group, which offers a review tailored to your needs

• State Health Insurance Assistance Programs (SHIPs)

• Medicare.gov, Plan Finder Tool

• 1-800-MEDICARE (1-800-633-4227)

Avoid giving out personal information to unfamiliar sources and stick with trusted, local resources.

Final Tip 

Take a little time to review your coverage and compare plans. Breitenfeldt Group is an independent health insurance brokerage offering a variety of Medicare plan options. Our team provides a review tailored to your current needs and coverage preferences. Contact Breitenfeldt Group to connect our licensed agents:1-877-732-9800, www.bghealthplans.com info@bghealthplans.com. 

Not connected with or endorsed by the U.S. government or the federal Medicare Program. 

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