In this class, we discussed Medicare’s Annual Enrollment Period (AEP) and how to avoid the most common mistakes. Understanding these pitfalls can help you make informed decisions and ensure you get the best possible coverage for your healthcare needs in the upcoming year.

Key Takeaways and Next Steps:

Review Your Annual Notice of Change

Don’t ignore your Annual Notice of Change, which arrives by September 30th. It outlines changes in your Medicare Advantage or Prescription Drug Plan for the upcoming year. Not reviewing this document could lead to unexpected changes in coverage or costs.

Check Your Current Plan for Changes

Failing to review your current plan could result in losing key benefits or paying more for services like prescriptions or physical therapy. Make sure to compare what’s changing to ensure your plan still meets your needs.

Don’t Focus Solely on Premiums

Premiums are just one part of the cost. Use medicare.gov to input your medications and compare the total annual cost of different plans. A higher monthly premium could actually save you money in the long run.

Mark Enrollment Deadlines

You have until December 7th to make changes to your Medicare plan. You can file multiple plans, but the last one submitted by the deadline will be your plan for the following year. Don't miss this important deadline!