Should I Change My Medicare Insurance Plan During AEP?

should I change my Medicare plan during AEP?

Few things are more important than your health. That’s why finding the best Medicare insurance plan for you brings peace of mind, knowing that support and care will be there if you experience a health issue. But if you’re not exactly feeling that peace of mind right now, you’re in luck! Medicare’s annual enrollment period (AEP) is once again upon us. 

Should I change my Medicare plan during AEP?

AEP isn’t just a time for seniors to sign up for new plans—you can also evaluate your current plan to make sure you’re completely happy with the coverage. You may be asking yourself: “Should I change my Medicare plan during AEP?” If your current plan isn’t quite meeting your needs, the answer is yes!

1. What if I’m happy with my Medicare insurance plan? 

If that’s the case, great! You don’t need to do anything. If you’re already enrolled in Medicare and like your plan, no action is necessary. Your current plan will automatically be continued. 

You’ll soon receive your 2024 plan benefits information in the mail. Keep an eye out so you can save this document and reference your plan easily throughout the year. 

2. Do I have to change my Medicare insurance plan during AEP?

Again, only if you want to! If there are aspects of your Medicare insurance plan you’re not happy with, schedule an appointment with your Medicare insurance agent right away. 

3. But should I change my Medicare insurance plan during AEP? 

If you’re not quite satisfied with your current plan, or if you’ve experienced changes in your health that require additional coverage, there may be a better plan available for you. Your Medicare insurance agent can walk you through your options and determine what, if any, changes you need to make. 

4. What plans can be changed during AEP?

During Medicare’s annual enrollment period, both Medicare Advantage and Medicare prescription drug plans can be changed.

5. When do I need to reach out? 

Once again, if you’re satisfied with your current plan, you don’t need to do anything. Your plan will automatically continue into next year. 

But if you’d like to explore your Medicare insurance plan options during AEP, contact your Medicare insurance agent as soon as possible. AEP is already underway, with the last day to make a change to your 2023 Medicare plan set for December 7, 2023. 

6. How can I learn more about AEP? 

Sign up for our monthly newsletter to stay up-to-date on Medicare insurance news and other senior issues. You can also find more information on AEP here!

What are my next steps?

Your Medicare insurance plan will auto-renew for 2023 if you take no action by the end of AEP. Just remember, you can make changes to your 2024 plan only until December 7, 2023.

If you have questions about AEP or need help finding the best plan for you, get in touch with us at 877-255-6273.


image credit: shutterstock/

Pete Blasi