Medicare Annual Enrollment Period

The annual enrollment period (AEP) is October 15 – December 7. This period is to allow Medicare plan enrollees an opportunity to change from their current plan to a new plan.

Who is eligible to change?

Individuals enrolled in a Medicare Advantage (Part C) or a stand-alone Prescription Drug Plan (Plan D) are eligible to change their plan during this period.

New plan effective date?

Plan enrolled during this period become effective on January 1st of the following year.

The Medicare beneficiary may change their plan more than once during this period. However, the most recent plan enrolled is the plan effective on January 1st of the following year.

Why should I review my plan?

Here are a list of reasons.

  • Cost sharing in your current plan may change (i.e. increasing co-pays, premiums, etc)
  • Another plan may offer lower cost sharing, additional benefits, different formulary, etc.

Important note:

For the reasons listed above, it is very important to review your plan or have someone review your plan every year during this period. developed a plan comparison tool which is helpful when evaluating a Medicare Advantage Plan (Part C) or Prescription Drug Plan (Part D). Access the plan finder tool here