For the more than 66 million Americans covered by Medicare, the annual Annual Enrollment period may be an important opportunity to review your health coverage and consider whether it meets your needs for the coming year. Open Enrollment begins October 15, and now may be a good time to start preparing.
What is Medicare Annual Enrollment Period (AEP)?
Medicare Annual Enrollment is the period when you may be able to:
- Switch plans: Move from Original Medicare to a Medicare Advantage plan, or vice versa, subject to plan availability in your area
- Enroll in a new plan: Consider coverage that may better fit your health or financial situation
- Adjust supplemental coverage: Add or remove dental, vision, prescription drug, or other supplemental plans, where available
During this time, you may make changes that could last the entire next year, so it may be important to consider your health needs carefully and review the benefits that may be available to you.
Why Annual Enrollment Period May Matter
Even if you're satisfied with your current plan, it may be beneficial to review your coverage each year. AEP may help ensure that you:
- Avoid potential coverage gaps: Life changes like new medications, new doctors, or health conditions may affect your needs
- Review preventative care benefits: Medicare includes a variety of screenings, vaccinations, and counseling services that may help support your health
- Consider costs: Comparing premiums, copays, and out-of-pocket costs may help you evaluate different plan options
Many beneficiaries may not be aware of all the services their plan covers. By reviewing your coverage, you may gain access to additional benefits, different coverage options, or alternative pricing structures.
How to Prepare
- Review your current coverage: Consider noting what works well and any gaps you may have noticed
- List your healthcare needs: This might include medications, doctors, upcoming procedures, and lifestyle considerations
- Compare available plans: Even small differences in coverage or costs may add up over a year
- Consider reaching out early: Scheduling an appointment ahead of AEP may provide more time to review information without last-minute pressure
Speak With a Licensed Agent
Navigating the choices during Annual Enrollment Period can feel overwhelming. Our licensed Medicare agent, Danielle McKenna, may be able to help you understand your options, review your current coverage, and discuss your Medicare benefits.
Consider scheduling early! Contact Danielle to schedule your appointment and get a head start on reviewing your Medicare coverage for 2025. Early planning may help you feel more prepared to review everything your plan may offer. New plans are released on October 1, 2025, however applications cannot be accepted until October 15, 2025.
Danielle McKenna
Financial Paraplanner Qualified Professional
CA License #0D97816 ~ NV License #3654433
To schedule your appointment:
- Phone: 530-672-1703
- Email:info@cfgstrategies.com (or contact any staff member)
Taking a proactive approach may help you feel more informed and prepared when Annual Enrollment Period starts.