Each fall, Medicare beneficiaries across the country have a valuable opportunity to review and update their healthcare coverage. The Annual Election Period (AEP) runs from October 15 through December 7, giving you a limited window to make important decisions about your Medicare plan. Whether you are a first-time enrollee or have been on Medicare for years, taking time to evaluate your coverage can help ensure it continues to meet your health needs and financial goals.

What You Can Do During the Annual Election Period

The AEP allows you to make several key changes to your Medicare coverage, including:

• Switching from Original Medicare (Parts A and B) to a Medicare Advantage Plan (Part C)
• Moving from a Medicare Advantage Plan back to Original Medicare
• Changing from one Medicare Advantage Plan to another
• Adding, dropping, or changing a Medicare Part D prescription drug plan

Even if you’re comfortable with your current coverage, it’s still worth taking a closer look each year. Insurance carriers can change their premiums, drug lists, and provider networks annually. A plan that fits your needs in 2025 might not provide the same value or coverage in 2026.

Why Reviewing Your Plan Matters

Your Medicare choices directly affect your healthcare access and your out-of-pocket costs. For instance, an updated drug formulary could impact which medications are covered and how much you’ll pay for them. Similarly, checking provider networks ensures your trusted doctors and preferred hospitals are still included in your plan.

By reviewing your coverage now, you can avoid unexpected expenses and interruptions in care later.

How to Prepare for Enrollment

Check your Annual Notice of Change (ANOC): This document explains what’s changing in your current plan for the next year.

Compare your options: Review each plan’s premiums, deductibles, copays, and prescription coverage.

Seek expert help: Medicare rules can be complex, but you do not have to figure them out alone. Licensed insurance brokers can walk you through your choices and explain which plans best fit your situation.

Take Action Before December 7

The Annual Election Period comes and goes quickly. Once it ends, you may have to wait until next year to make any changes. Don’t miss your chance to ensure your plan still works for you.

For personalized, no-cost assistance, contact our licensed insurance brokers today. We’ll help you review your Medicare options and choose the coverage that gives you confidence and peace of mind for the year ahead.