The Importance of AEP

In preparation for Medicare’s Annual Election Period, health care companies review their own plans, make changes to coverage and costs, and sometimes add valuable benefits to their packages. This is why it is important to review your current coverage and explore your options during AEP. It is possible that there may be another plan available in your area that may cost you less and offer you additional benefits. Of course, you may stick with your current coverage if you are content with it, but comparing plans may help you confirm that. If you happen to find a plan that better fits your needs, isn’t it better to know before AEP ends on December 7?

This year, the Annual Election Period started on October 15 and ends December 7. Any changes you’d like to make to your Medicare health care coverage should be made during this time. Although there are Special Enrollment Periods throughout the year for people with certain circumstances, the Annual Election Period is the only time that most beneficiaries can change or switch plans. Any changes made during the AEP will be effective on January 1.

Taking advantage of the opportunity of AEP is easier than you may think. With on-line health care comparison sites available for beneficiaries and their advisers, such as, it does not take a lot of time to find plans you may be eligible for., for instance, lists all plans available in your area based on very basic information, and then can narrow down your choices based on your own personal criteria within minutes.

Regardless of whether you currently have Original Medicare, with or without a Medicare Supplement Plan and/or a Part D Plan, or if you are enrolled in a Medicare Advantage Plan, with or without prescription drug coverage, you can make changes during the AEP. With easy-to-use comparison sites, you will be able to make a decision that will provide you with the coverage and peace of mind you deserve.