The Annual Enrollment Period (AEP) for 2017 Medicare coverage is from October 15 to December 7.
During this time, you can make changes to various aspects of your coverage. That includes switching from original Medicare to Medicare Advantage, or vice versa. You can also switch from one Medicare Advantage plan to another or from one Medicare Part D prescription drug plan to another.
If you did not enroll in a Medicare Part D plan when you were first eligible, you can do so during the open enrollment period, although a late enrollment penalty may be incurred.
If you’re already enrolled in a Medicare Part D prescription plan or a Medicare Advantage Plan and you don’t want to make any changes to your coverage for 2017, you may not need to do anything during this open enrollment BUT – and this is a big BUT—since last year, many plans and coverage levels have changed.
You should take a look at your plan and look at all health and drug plans that are currently offered to make sure that the plan you are on or the one that you wish to switch to provides you with the coverage that best suits your situation.
If your plan is being discontinued and isn’t eligible for renewal, you will receive a non-renewal notice from your carrier prior to open enrollment. If you don’t, this means you can keep your plan without doing anything during open enrollment, but again, we do recommend that you look at the available plans to see if other plans might be more advantageous.
To find more information, you may call 1-800-MEDICARE or visit www.medicare.gov. If you have questions or concerns, please call me in the office and we can discuss your situation.