Medicare can be a confusing program to try and dive into, but with Turning 65 Solutions, we are here to help make understanding Medicare much easier for you. We’ll even help you compare your current Medicare coverage with other Medicare plans to determine if making a switch is the right decision for you!
If you’re interested in learning more about switching Medicare plans, then you’re in the right place. Let’s dig a little deeper into when you can begin the switch to get the coverage you need.
Picking the Right Medicare Policy
Picking the right Medicare policy is important because it’ll determine the kind of coverage you have and how much you will pay for that coverage. There are also multiple different Medicare options, so it’s essential that you pick the right one for your situation.
Understanding your current medical costs is one of the best ways to ensure that you’re choosing the right policy. Another great way to ensure that your policy aligns with your needs is to work with an insurance agent, such as the ones with Turning 65 Solutions. We’ll be able to walk you through the selection process and make sure that you’re choosing the right plan for you.
The Annual Enrollment Period
If you want to switch your Medicare plan, then you should know about the Annual Enrollment Period. This is when individuals can make changes to their policy to make sure that they’re enrolled in the right one for their needs.
The Annual Enrollment Period spans from October 15 – December 7 every year. It’s important to mark these dates on your calendar, as this will give you time to review your current coverage, determine if any new changes will be made to your plan, and decide if you want to keep your current plan or switch to another.
If this time passes and you don’t make changes to your policy, then you might need to wait for a considerable amount of time before you have another opportunity to modify or switch your policy.
What Changes Can You Make During AEP?
There are several changes you can make during the Annual Enrollment Period, which include:
- Switching from Original Medicare to Medicare Advantage
- Switching to a different Medicare Advantage plan that may or may not have prescription drug coverage
- Switching Medicare Part D plans
- Joining or dropping a Part D plan
- Switching insurers
If you plan to take advantage of the Annual Enrollment Period, it’s best to work with an insurance professional to help you through the process. At Turning 65 Solutions, we’ll be able to help you compare the Medicare Advantage or Medicare Part D options available to you.
If you have questions about the Annual Enrollment Period and want to know more about your available Medicare plan options, reach out to us today, and we’ll be able to provide you with further support!