Open Enrollment: 5 Things to Consider Before Switching Your Plan

Medicare Open Enrollment is a crucial time for anyone already enrolled in Medicare or newly eligible. It’s your opportunity to adjust your coverage, explore new options, and ensure your plan meets your healthcare needs for the upcoming year. With so many choices and complex details, this process can feel overwhelming. That’s why we’ve created The Ultimate Survival Guide to Medicare Open Enrollment to help you navigate the process efficiently and confidently. What is Medicare Open Enrollment? Medicare Open Enrollment, also known as the Annual Election Period (AEP), runs from October 15 to December 7 each year. During this time, Medicare beneficiaries can make changes to their health and drug coverage for the following year, with these changes taking effect on January 1. Here’s what you can do during Medicare Open Enrollment: Switch from Original Medicare (Parts A and B) to a Medicare Advantage Plan (Part C). Move from Medicare Advantage back to Original Medicare. Change Medicare Advantage plans. Join, drop, or switch a Medicare Part D (prescription drug) plan. This window is the primary opportunity for Medicare enrollees to review their existing coverage and ensure it still meets their health needs and financial goals. Medicare Basics: Parts A, B, C,...