Are you ready for 2023? Medicare has made changes that you need to know more about.
If you are looking for more information, this guide is going to give you more information on Annual Enrollment Period for 2023.
What is the Annual Enrollment Period?
Annual Enrollment Period which spans from October 15 to December 7 is a timeframe during each Medicare beneficiary can evaluate their current coverage — whether it’s Original Medicare with a Standalone Prescription Drug Plan or Medicare Advantage with Prescription Drug coverage and make changes.
During Annual Open Enrollment, a recipient can do the following things:
• Switch Medicare Advantage plans, change from Medicare Advantage back to their Original Medicare or even the other way around
• Add a Standalone Part D Prescription Drug Plan (PDP)
• Change from one Part D Prescription Drug Plan (PDP) to another Prescription Drug Plan.
The Annual Enrollment Period starts on October 15 and finishes on December 7. Requested changes will be effective on January 1.
Tips to Get Help
Licensed agents certified to offer Medical Insurance Plans are available if you need assistance with Medicare Advantage (Part C), Medicare Supplement Insurance (Medigap) and/or Part D Prescription Drug Plans. We have tools to check on the medications you need, the pharmacies you visit and your medication costs. And if you plan to enroll in Part C, we can check that your doctors are in network. In the event that you search a coverage plan online, make sure that the coverage plan covers each of your medications, and that your pharmacies are accessible.
Bottom Line
It is critical to carefully read the information sent to you by your coverage provider since this will cover any potential changes. Annual Enrollment Period is additionally a decent time to ask yourself whether you are genuinely happy with your current plan.