When is it?
Annual Enrollment Period (AEP) dates for Medicare are October 15 through December 7 each year. Medicare recipients have the opportunity to assess and modify their current coverage during AEP. There is no obligation to take any action during this annual registration period, although frequently customers discover more economical alternatives or coverage-richer plans. It’s a good idea to review your options every fall to be sure your health and prescription drug needs are covered for the upcoming year because Medicare plan specifics can vary every year.
Dates for the 2023 Annual Enrollment Period
15 October 2022
The annual enrollment period for the Medicare Advantage and Prescription Drug Plan begins.
7, December 2022
The annual enrollment period for the Medicare Advantage and Prescription Drug Plans expires
1 January 2023
Your new Medicare coverage kicks in on this day if you sign up for it or switch plans during the AEP.
How to Get Ready for the Medicare Annual Enrollment Period in Three Easy Steps
Here are some actions to help you get ready for the Medicare Advantage and Prescription Drug Plan Annual Enrollment Period, whether you are happy with your current Medicare plan or are weighing your options:
- Study the Annual Notice of Change for Your Medicare Plan
Medicare beneficiaries receive an annual notice of change listing any modifications to the plan’s coverage, service area, or fees that will take effect in January of the following year. By September 30 or 15 days before to the commencement of AEP, beneficiaries of all Medicare plans must get this document in the mail. This article will offer you a better understanding of the changes you may expect and whether you need to rethink your Medicare plan, even though it’s a good idea to think about all of your coverage alternatives during the enrollment season regardless.
2. Make a Medicare Checklist for Your Plan's Requirements
Finding the best Medicare plan for you can be aided by one of our knowledgeable, certified insurance brokers, but our Medicare Checklist can make the process much easier. You can gather any information that will be important for the chat with your agent using this checklist. Even while you don’t have all the answers, it might still be an excellent place to start.
3. Consider your Medicare options
Prior to working with our Medicare experts, it is not necessary for you to be familiar with all of the different Medicare Parts, although doing so might help you get a better picture of your options. Use this short survey to determine the best type of Medicare plan for you if you’re unsure.
Modifications That May Be Made During the Medicare Annual Election Period (AEP)
The following Medicare beneficiaries can:
- Change to a Medicare Advantage plan (Medicare Part C) from Original Medicare (Medicare Parts A and B).
- Switching between different Medicare Advantage plans.
- To get more complete coverage, enroll in a Medicare Advantage Prescription Drug plan or change Prescription Drug plans (Medicare Part D).
If you didn’t sign up for a prescription drug plan when you initially became eligible for Medicare, do so now.
Your modifications will become effective on January 1 of the following year if made during the Medicare Advantage and Prescription Drug Plan Annual Enrollment Period.
Explore the Medicare Annual Enrollment Period Guide for 2023
Weigh all Your Options from October 15th through December 7th Medicare During Annual Enrollment Period.
It never hurts to look at all your options during AEP, regardless of how you feel about your existing Medicare coverage. Plans and premiums frequently change, so it’s worth checking to see if there’s another choice that better suits your requirements. We can quickly compare Medicare plans offered by some of the most reputable insurance providers in the country for free. Use our checklist to aid in your AEP preparation.
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