Medicare provides a variety of coverage options and is very specific about when changes can be made to a policy. There are certain periods throughout the year in which changes can be made, so it’s important that you’re aware of those periods and are planning for them.

The Medicare Annual Enrollment Period

The Medicare Annual Enrollment Period (AEP) is when anyone can make changes to their coverage. If you’ve been wanting to enroll in a different policy, then the AEP is the right time to do so.

Medicare evaluates its policies yearly and sometimes makes adjustments. These adjustments ensure that they’re provided updated coverage and that it includes any new treatments or therapies. Because Medicare can change the coverage it provides, the policy someone has one year may not be the right choice for them the next year. This is why the AEP exists!

Evaluating your coverage annually is essential, so that you can be sure you’re enrolled in the right policy. Especially if your health needs have changed, it’s important to think about if your current policy is still the right choice for you.

During the AEP, there are no penalties for changing your policy. This means that you won’t have to pay any additional fees! This is one of the reasons why it’s recommended that you plan ahead for this period and know if you’re going to be making any changes to your policy.

Are You Considering AEP?

Thinking about making changes to your Medicare policy can be overwhelming. If you’re feeling confused about all your different options, it can be helpful to speak with an insurance professional. 

It’s important to take advantage of the Annual Enrollment Period and use it as an opportunity to think about your health insurance. You should be saving as much money as possible, so thinking critically about your coverage is essential.

We’re always here to provide you with guidance and make sure that you’re enrolled in the right policy. If you’re considering making changes to your Medicare policy, don’t wait to learn about your options and decide which one is the right choice for you.