What is the Medicare Annual Enrollment Period (AEP)?

If you’re enrolled in Medicare, one of the most important times of the year is the Medicare Annual Enrollment Period (AEP). This is the window when you can make changes to your coverage for the upcoming year. Understanding how AEP works ensures you don’t miss valuable opportunities to adjust your plan to fit your health and budget needs.

When is the Medicare Annual Enrollment Period?
The Annual Enrollment Period takes place every year from October 15 through December 7. Any changes you make during this period take effect on January 1 of the following year.

What Changes Can You Make During AEP?
During AEP, you can:

• Switch from Original Medicare to a Medicare Advantage plan.
• Switch from a Medicare Advantage plan back to Original Medicare.
• Change from one Medicare Advantage plan to another.
• Enroll in, switch, or drop a Part D prescription drug plan.

Why is AEP Important?
Medicare plans can change from year to year. Insurance companies may update premiums, copayments, covered medications, or provider networks. Reviewing your coverage each fall ensures you don’t end up with surprise costs or lose access to your preferred doctors or prescriptions.

Even if you’re happy with your current plan, it’s worth reviewing your options annually to make sure it’s still the best fit.

Final Thoughts
The Medicare Annual Enrollment Period is your opportunity to reassess your health coverage and make sure it still meets your needs. Working with us at no cost can make the process easier, helping you compare plans, avoid mistakes, and find the right balance of coverage and cost.