There’s a lot that needs to be learned about Medicare, and learning about enrollment is one of the most important things that you can do when you’re new to the program! Continue reading to learn more about the Annual Enrollment Period and why you should consider using it.
Understanding Medicare Enrollment
Medicare is very specific about when enrollment must be done. There are several enrollment periods to take note of, some of which allow you to enroll in Medicare for the first time or make changes to your current Medicare coverage. The Annual Enrollment Period is one of those periods that allows you to review and make changes to your current Medicare plan, giving beneficiaries like you the opportunity to get the coverage you need at a cost you can afford!
What is the Annual Enrollment Period?
The Annual Enrollment Period (AEP) is a time when individuals can enroll in a new policy or switch to another. Keep in mind that you must be enrolled in Medicare already before you can take advantage of this enrollment period.
This period goes from October 15 – December 7 every year. If you miss this period, you may need to wait until the following year to make changes to your coverage. This is one of the reasons why it’s so important that you mark these dates on your calendar, so you know when to start reviewing your current coverage and looking at other Medicare options if necessary.
You certainly don’t have to use the Annual Enrollment Period if you don’t want to and are happy with your coverage. However, you should still take this time to review your plan and any upcoming changes that might be made to your costs and coverage that will take effect starting on January 1.
Have Questions? We’re Here to Help!
If you have questions about Medicare enrollment, we’re here to help. We understand that it can be overwhelming to try and learn about Medicare all at once, so that’s why we have a team of experts that are here to help you through the learning process!
For more information about the Annual Enrollment Period and the different parts of Medicare, give us a call today!