What changes can I make during Open Enrollment?

You can switch from Original Medicare to a Medicare Advantage plan, change from one Advantage plan to another, or modify your Part D prescription coverage. This matters because it’s a limited-time opportunity to adjust your coverage to better meet your needs or to potentially save on costs.

When can I learn about next year’s plans?

Information for next year’s plans is available beginning in October. Call 1-800-MEDICARE or visit Medicare.gov. Knowing this allows you to plan your adjustments in advance and ensures you're making decisions based on the latest details.

What’s the difference between Original Medicare and Medicare Advantage?

Original Medicare is government-managed and typically paired with separate drug coverage and optional Medigap. Medicare Advantage plans are offered by private insurers and often bundle medical and drug benefits, with some including extras like dental or vision. Understanding these differences can help you choose the type of plan that suits your needs best.

Do I need to do anything if I’m happy with my current plan?

Even if you’re satisfied, it may be a good idea to review your coverage. Premiums, provider networks, and drug formularies can change each year. This is crucial because staying informed can prevent unexpected changes that might impact your healthcare services or costs.

What if I miss the Open Enrollment deadline?

Unless you qualify for a Special Enrollment Period due to a major life event, you’ll need to wait until next year’s window to make changes. This highlights the importance of acting within the AEP to avoid potentially being stuck in a less-than-ideal plan. By understanding the Medicare Annual Enrollment Period, you take control over your healthcare decisions. Start researching early, use trusted resources like Medicare.gov, and consult with a professional if necessary. Remember, even a small review of your plan can lead to significant savings or improved coverage in the year ahead.