The Medicare Annual Enrollment Period (AEP) offers a limited window between October 15 and December 7 for Medicare beneficiaries to review and adjust their plans. This session covered the key changes you can make during AEP, how to evaluate your current plan, and why reviewing your Annual Notice of Change (ANOC) is essential. By understanding your options, you can make informed decisions to optimize your Medicare coverage.

Key Takeaways and Next Steps:

Review the ANOC Document

Make it a priority to review your Annual Notice of Change (ANOC), which outlines any changes to your plan for the upcoming year. Compare the benefits, costs, and coverage against your healthcare needs.

Compare Medicare Plans

Use this opportunity to compare different Medicare Advantage and Prescription Drug Plans. Consider whether your healthcare needs or budget have changed and ensure your plan meets your current requirements.

Evaluate Your Health Needs

Assess any changes in your health, prescription drug usage, or medical expenses. This helps ensure you choose a plan that offers the right balance of coverage and cost.

Understand Changes for 2025

Stay informed about upcoming Medicare changes that will take effect in 2025. While these don’t impact the 2024 plan year, it’s good to prepare for any future adjustments.

Seek Assistance If Needed

If you find the process overwhelming, don’t hesitate to seek help from Medicare representatives or qualified advisors who can guide you in making the best decision.