Did you know that Medicare plans are allowed to change things like their costs, coverage limits, and doctor network at any time? Even if your plan doesn’t change, your health might. That’s why there is an Annual Enrollment Period that allows you to switch plans once per year.
Every year, October marks enrollment season. From October 15 through December 7, every single Medicare-eligible beneficiary has the option to enroll or make changes to their Medicare plan. This is known as AEP, or the Annual Enrollment Period.
During AEP, you can switch carriers or plans, switch plan type, and add on additional coverage (like dental, vision, Medicare Advantage, and Medicare Supplements). Remember that unless you have a special circumstance, AEP is the only time of year that you can make changes.
With such a limited time to make changes, the task to pick the best plan can seem daunting. That’s why we’re here. We can send a licensed agent out to your home (at no cost) to help you pick the best plan from the best carrier to fit your needs.
If you’re interested in reviewing your options, start by determining your health care needs. Do you have prescription drugs that your current plan does not cover? Have you recently developed a new illness or disability that requires different coverage? What about your financial needs? Can you suddenly afford more coverage, or do you now qualify for savings? Ask yourself these questions in early fall. We can help answer your questions so you can decide whether or not you need to switch plans during AEP.
Interested? To set up your free appointment, call 1-844-431-1832.