Medicare Annual Election Period
It’s just about that time of year again…Medicare’s Annual Election Period (AEP)! The Annual Election Period is between October 15 – December 7 each year. During this time Medicare beneficiaries can join, switch, or drop a Medicare Advantage Plan or Medicare Part D Plans. Coverage begins January 1 for these changes.
It is important during this time that you evaluate your options to ensure that you are still on the plan that is best for you. Be sure to compare the changes to your current Medicare Plan and any others in your area. Plans change yearly, some more than others. Some plans add extra benefits, some drop them. Compare not only the monthly plan premiums but also the co-payments for primary & specialty physician visits, inpatient hospital stay amounts, outpatient surgery, and the changes to the drug formulary.
For those that already have a Medicare Advantage Plan beneficiaries will receive a “Annual Notice of Change” in the mail. The amount of mail received can be daunting so enlist a licensed independent agent (such as Medicare Health Plans) to help sort through the madness.
For a licensed agent in your are call (855) 683-7399.