What is the MEDICARE Annual Enrollment Period?
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What is the MEDICARE Annual Enrollment Period?
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What is the Medicare Annual Enrollment Period?
It is the yearly window from October 15 to December 7 when Medicare beneficiaries can review and change coverage. During AEP you can switch from Original Medicare to a Medicare Advantage plan, change Medicare Advantage plans, or join and switch a Part D prescription drug plan. Most changes begin January 1.
In this episode, Andrew Nida and Moise Piram from Asset Management Group, Inc. explain what AEP is, who it helps, and how to compare plans with confidence. You will learn the dates, eligibility, and a simple step by step checklist so your coverage matches your health and prescriptions.
What you will learn:
• What AEP is and why it exists
• AEP dates and who is eligible
• Original Medicare compared with Medicare Advantage
• Part D changes and how formularies work
• What to review in your Annual Notice of Change
• How plan changes begin on January 1
• When the Medicare Advantage Open Enrollment Period applies from January 1 to March 31
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Disclosure
Educational content only. Not tax, legal, or investment advice. Tax laws can change. Consult your CPA or advisor about your specific situation.
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#Medicare #OpenEnrollment #AEP #WhatIsAEP #MedicareAdvantage #PartD #Retirement #FinancialPlanning #AndrewNida #MoisePiram #AssetManagementGroup
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