Medicare’s Annual Enrollment Period is when anyone can begin enrollment or make changes to their Medicare plan. It’s a period that lasts a little under two months and allows for modification and flexibility.
When Is the Annual Enrollment Period?
The Annual Enrollment Period (AEP) begins October 15th and ends December 7th. Keeping this time frame in mind is extremely important if you want to make any changes to your Medicare Plan. Medicare observes these deadlines very closely, so it’s smart to mark them on your calendar.
What Changes Can Be Made?
All beneficiaries, whether enrolled in Original Medicare or Medicare Advantage, can make changes to their enrollment. There are many reasons why someone may want to modify their policy, such as a medical change or change of location. It’s important to think critically about coverage each year so that you’re enrolled in the right type of insurance for your needs.
Plans can change every year and the services they cover may not be the same. If you’ve begun taking a new medication, want to see a different doctor, or need a different level of care, you should consider changing your plan.
During the Annual Enrollment Period, you can choose what insurance provider you’ll be working with for the coming year. If your current provider isn’t offering the right policy for you, or you’re wanting to explore other options, the AEP is the best time to do so. If you’re considering switching to Cornerstone Senior Advisors, our team is available to meet with you and discuss our different plans.
Why Does the Annual Enrollment Period Matter?
Medicare may seem complicated, but it doesn’t have to be. Understanding the different enrollment periods is one of the best ways to make sure you’re enrolled in the best plan possible.
Medicare’s Annual Enrollment Period is an excellent time to evaluate your coverage and make any necessary changes. Looking back at your coverage over the past year is one of the best ways to determine if you should make any changes to your plan. Insurance plans aren’t always perfect, but you deserve to have a policy that maximizes benefits so that you’re receiving all the coverage possible.
We’re Here to Answer Your Questions…
If you’re wondering if changes to your Medicare policy could benefit you, we’re here to answer any questions you may have. Reach out to us today and ask what options you have for the coming year.