If you are a Medicare policyholder, it’s important to know that the Medicare Annual Enrollment Period (AEP) ends soon. The Medicare AEP is the time of year when you can make adjustments to your Medicare plan, but it’s only for a limited time so that the changes can be implemented by January 1st. As a Medicare policyholder, you should have received a Plan Annual Notice of Change (ANOC) in the mail during the month of September detailing the upcoming changes to your plan.
It Ends December 7th
It’s important to note that the Medicare Annual Enrollment Period ends on December 7th. Make a note on your calendar, so you don’t miss it! If you need to make changes to your plan for next year, an Open Enrollment Form needs to be completed and sent in to outline the changes you require by this date. The AEP period ends in early December to ensure that all changes for policyholders will be implemented in the system by January 1st. At the start of the new year, your policy changes will officially be in effect, and you’ll be able to continue to receive important healthcare at an affordable cost.
Why is it Important?
The Medicare Annual Enrollment Period is important because it gives all policyholders a chance to adjust their plans as needed based on upcoming changes to their current coverage. Understanding how the upcoming changes will affect you personally is important for knowing what changes need to be made to keep your plan relevant and affordable. If you don’t take advantage of the Medicare AEP, you could be left with too much or too little coverage in the following year, and it will take more time to implement any necessary changes later.
If you’re not sure how the changes outlined in your Plan Annual Notice of Change (ANOC) will affect you, it’s a good idea to schedule a consultation with a trusted advisor such as Aging Benefits Advisory. Professional advisors are familiar with Medicare plans and language, and their experience and expertise allow them to help you make sense of your plan’s upcoming changes and determine what you need to do to continue getting the care you need and expect.
Contact Aging Benefits Advisory Today!
If you need help navigating the world of senior health insurance, our advisors at Aging Benefits Advisory are here to assist. Take advantage of our free consultation to ensure that you receive the plan for your budget and needs. We specialize in Medicare Advantage, Medicare Supplements, Dental, Vision, and Final Expense insurance for the senior market of Pinellas County, Pasco County, Manatee County, Hillsborough County, Polk County, Sarasota County, Citrus County, and Marion County, Florida. If you would like a free consultation, contact us online or give us a call at 727-800-4835. For more information, follow us on Facebook, Pinterest, and YouTube.