From October 15th to December 7th, Medicare beneficiaries have the opportunity to adjust their Medicare coverage to better suit their needs. Here are four key reasons why you should take advantage of the Annual Election Period (AEP).
If your current Medicare plan doesn’t include prescription drug coverage, or you need a more comprehensive plan, AEP is the perfect time to make a change.
During this period, you can enroll in or switch your Medicare Part D plan or even opt for a Medicare Advantage plan that includes prescription coverage.
AEP gives you the chance to review your current coverage and see if another plan or provider could better meet your needs.
If you're enrolled in Medicare Advantage or Part D, there could be other options in your area that offer the same or better benefits, possibly at a lower cost. Comparing plans during AEP can help you find a provider that fits your needs and budget.
If your current premiums feel too high or you’re not using all the coverage you’re paying for, AEP is a great time to make adjustments.
You can look into switching plans, disenrolling from a Medicare Advantage or Part D plan, or finding a more affordable option that meets your healthcare needs. And if you're having difficulty with costs, consider whether you qualify for Medicaid assistance.
Your healthcare needs can change over time. Fortunately, the AEP allows you to adjust your coverage accordingly.
If you no longer need certain benefits, such as extra prescription drug coverage, you can reduce your plan. On the other hand, if your healthcare needs have increased, you can explore adding more coverage to ensure you're protected.
With these tips, you’ll be well on your way to finding a Medicare plan that fits your health and budget. If you have questions or need assistance, call one of our Licensed Agents at
Trusted Senior Specialists. There is no cost or obligation for a consultation!
We are available Monday through Friday from 8 AM to 8 PM CST,
and on Saturday by appointment.
You can reach us by calling: 1-855-952-1941 TTY: 711
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