What is the Medicare Advantage & Prescription Drug Plan Annual Enrollment Period?
The Medicare Advantage & Prescription Drug Plan Annual Enrollment Period, also known as the Annual Election Period (AEP), is a crucial time for individuals enrolled in Medicare Advantage to make changes to their healthcare coverage. This period occurs annually from October 15th to December 7th. During the Medicare Annual Election Period, beneficiaries have the opportunity to make various changes to their Medicare Advantage coverage. They can switch from Original Medicare to Medicare Advantage, or vice versa. They can also switch from one Medicare Advantage plan to another, or from one Medicare Part D prescription drug plan to another. Additionally, individuals already enrolled in Medicare Advantage or Medicare Part D plans can make changes to their current plans, such as switching to a plan with a plan that may include additional plan benefits, or affordable plans. Medicare Advantage & Prescription Drug Plan Annual Enrollment Period provides beneficiaries with the flexibility to review their healthcare needs, evaluate their current coverage, and make changes that will suit their preferences and budget for the upcoming year.
Sign Up to find out more.