The Medicare Annual Election Period (AEP) is quickly approaching! If you want want to change your Medicare plan, you need to be ready!

Today, I’ll explain:

• What the AEP is
• When AEP occurs
• Your plan options in AEP

Before I dive in, If you ever have questions about your plan, I’m a licensed insurance broker, and I specialize in Medicare. Click here to book a free 15-min intro call with me.

Everyone enrolled in Medicare Advantage plan, a Medicare Supplement, or a Part D drug plan should understand AEP because it is one of the only times you can change your advantage plan, drug plan, or return to original medicare.

If you are dissatisfied with your Medicare plan, read this email carefully and prepare to take action in the coming months!

If you are in love with your Medicare plan:

1. Call a therapist, because that’s a little weird
2. Pay attention in-case your relationship with your plan sours in the future

Unfortunately, because there are so many different enrollment periods, people often don’t know their options throughout the year.

That’s why I want to teach you about AEP now… it’s coming up, and this information will benefit you within the next couple months.

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When is AEP?

AEP is about a 3-month window from October 15 - December 7.

Changes made during this period take effect of January 1st the following year.

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What can I do in AEP?

Generally speaking, AEP is a time for change.

Annual Election Period means you can elect to change your plan (within the rules)

If you are in Original Medicare with no drug plan (A & B only), you can:

• Join a Medicare Advantage Plan
• Join a standalone Medicare drug plan

If you are in Original Medicare with a drug plan, you can:

• Join a Medicare Advantage Plan
• Switch your drug plan to another

If you have a Medicare Advantage plan with built-in drug coverage, you can:

• Switch to another Medicare Advantage plan (with or without built-in drug coverage)
• Drop your Medicare Advantage plan (go back to Original Medicare)
  • If your new plan doesn’t have drug coverage, you can also join a standalone drug plan
• Drop drug coverage completely

If you have a Medicare Advantage plan with no built-in drug coverage, you can:

• Switch to another Medicare Advantage plan (with or without built-in drug coverage)
• Switch your drug plan to another
• Drop your Medicare Advantage plan (go back to Original Medicare)
• Drop drug coverage completely

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What would prompt me to switch?

Things change. Life happens. There are countless reasons why people would want to change their plan. Here are a few:

• Prescribed new drugs
• Diagnosed with an illness
• Unanticipated costs
• Qualify for new plans or subsidies
• Plan discontinuation

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No matter what your situation looks like, if you are considering changing your plan, don’t miss this year’s AEP from Oct 15 - Dec 7!

If you have questions about your plan, I’m a licensed insurance broker, and I specialize in Medicare.

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Click here to meet with me at no cost.