Did You Know? Medicare’s Annual Enrollment Period (AEP) Begins on October 15th
Are you or a loved one enrolled in Medicare? It’s important to be prepared for the Annual Enrollment Period (AEP), which begins on October 15th and runs through December 7th. This is a key time for Medicare beneficiaries to review and update their plans to ensure they have the best coverage.
What is AEP?
The Annual Enrollment Period is when you can:
- Enroll in or switch Medicare Advantage Plans (Part C).
- Join, switch, or drop Medicare Prescription Drug Plans (Part D).
- Return to Original Medicare (Part A and Part B) from a Medicare Advantage Plan.
How to Prepare:
- Review Your Coverage: Check if your current plan still meets your needs, considering any changes in your health or medications.
- Compare Plans: Look at the options available in your area, focusing on coverage, costs, and any changes for the upcoming year.
- Check Provider Networks: Make sure your preferred doctors, hospitals, and pharmacies are in-network.
- Evaluate Prescription Coverage: Ensure your medications are covered and check for any changes in co-pays or coverage.
- Seek Advice: Reach out to Medicare professionals at OneGroup for personalized guidance and informed decisions.
What to Expect:
During AEP, you might receive a lot of information from different Medicare plans. It can be overwhelming, but don’t worry! Here’s what you can expect:
- Plan Notices: Your current plan will send you an Annual Notice of Change (ANOC) detailing any changes for the upcoming year.
- Marketing Materials: You’ll likely receive brochures and flyers from various Medicare plans highlighting their benefits.
- Increased Communication: Expect more emails, calls, and advertisements about Medicare plans. Use this information to compare and make informed decisions.
By following these steps and knowing what to expect, you can confidently navigate the AEP and secure the best coverage for your needs. We’re here to help you every step of the way.
For more information
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We are not a government agency. We are licensed insurance agents who discuss insurance programs such as Medicare Advantage, Medigap, and Medicare Part D Prescription Drug Coverage. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-Medicare to get information on all of your options.
This content is for informational purposes only and not for the purpose of providing professional, financial, medical or legal advice. You should contact your licensed professional to obtain advice with respect to any particular issue or problem. Please refer to your policy contract for any specific information or questions on applicability of coverage.
Please note coverage can not be bound or a claim reported without written acknowledgment from a OneGroup Representative.