Fall has come around again, and it’s time for everyone to start getting ready for the holiday season. Between choosing the best costume for Halloween and deciding who will host for Thanksgiving and Christmas this year, don’t forget about the Medicare Annual Enrollment Period. Every year, Medicare makes changes to its policies that every policyholder should review in case they need to make adjustments to their insurance coverage during this period of open enrollment.
If you are a Medicare policyholder, you should have received a notice from your plan outlining the upcoming changes to take effect in the following year—this is known as a Plan Annual Notice of Change (ANOC). It’s important to look over the upcoming changes to your Medicare plan and understand how they affect you and your insurance coverage. If you have questions, call a Medicare representative or meet with your trusted benefits advisor to clarify what these changes mean and go over potential policy adjustments that could benefit you.
Open Enrollment Begins October 15th
If you have reviewed the changes and decided that your policy needs adjustments to maintain appropriate coverage, you can begin the open enrollment process on October 15th. Medicare has an Open Enrollment Form that will need to be completed before the end of the enrollment period—the holiday season gets busy, so it’s a good idea to do this sooner rather than later. If you don’t see a need to adjust your Medicare insurance policy once you have read and understood the upcoming changes, you can simply choose not to complete the Open Enrollment Form and ignore the open enrollment period. Aging Benefits Advisory can help you move to a new plan of your choosing so that you can ensure your forms are completed correctly.
Enrollment Ends Around December 7th
Around December 7th, the open enrollment period will end, so be sure to complete and submit your Open Enrollment Form by this time. Any changes to Medicare outlined by the notice you received, as well as the form you sent in with necessary adjustments to your own personal policy, will take place beginning on January 1st. Failure to submit your enrollment form on time could result in your policy not undergoing the necessary changes, which could leave you with too much or too little coverage for the following year.
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.