What Changes Can You Make During Medicare’s Annual Election Period?

Posted by Pattie Scoma
Estimated Reading Time 1 minute 25 seconds

Every fall, millions of Medicare beneficiaries face an important opportunity: the Annual Election Period (AEP). From October 15 through December 7, you can review, change, or update your Medicare coverage. Whether you’re new to Medicare or have been enrolled for years, understanding this window is essential for making sure your healthcare coverage fits your needs and budget.

What Can You Do During AEP?

The Annual Enrollment Period allows you to:

• Switch from Original Medicare (Parts A & B) to a Medicare Advantage Plan (Part C).
• Switch from a Medicare Advantage Plan back to Original Medicare.
• Change from one Medicare Advantage Plan to another.
• Enroll in, drop, or switch a Medicare Part D prescription drug plan.

Even if you’re satisfied with your current plan, it’s a good idea to review your coverage. Insurance companies often update their plans, drug formularies, provider networks, and premiums each year. What worked for you in 2025 may not be the best fit in 2026.

Why It Matters

Choosing the right plan based on your needs can directly affect your healthcare access and your out-of-pocket costs. For example, a small change in prescription drug coverage could mean the difference in maximizing your budget. Similarly, reviewing Medicare Advantage networks ensures your preferred doctors and hospitals remain covered.

Tips for a Smooth Enrollment

Review your Annual Notice of Change (ANOC): This document, mailed by your plan, outlines any changes for the coming year.

Review options: Look at monthly costs, deductibles, copays, and prescription drug lists. Seek professional guidance with a licensed insurance agent: Medicare rules can be complicated, but you don’t have to navigate them alone.

Take Action Now

The Annual Enrollment Period only lasts a few weeks, and once it closes, most people cannot make changes until the following year. Take this opportunity to ensure your plan works for you.

If you’d like free help reviewing your Medicare plan options, call our experienced licensed insurance brokers. We’ll guide you through your choices so you can feel confident about your coverage next year.