connect now
MBG is an insurance broker and is not associated, endorsed, or authorized by the Social Security Administration, the Department of Health and Human Services, or the Center for Medicare and Medicaid Services (CMS)

Medicare Annual Enrollment Period (AEP): To Change or Not to Change?

HELPING YOU PUT TOGETHER YOUR MEDICARE PUZZLE

MBG IS AN INSURANCE BROKER AND IS NOT ASSOCIATED, ENDORSED, OR AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, OR THE CENTER FOR MEDICARE AND MEDICAID SERVICES (CMS)

jim.neil@medicarebenefitsgroup.com734-657-4797

MEDICARE INSURANCE

MADE SIMPLE

https://medicarebenefitsgroup.com/contact/

Every year, as the leaves begin to fall and the air turns crisp, there’s another significant event that captures the attention of Medicare beneficiaries: the Medicare Annual Enrollment Period (AEP). This period is a golden opportunity to review, adjust, or maintain your Medicare coverage. But does everyone need to make changes? In this blog post, we’ll explore this question and provide clarity on what the AEP means for you. πŸ‚πŸ“‹

Do I have to make changes during this period? πŸ€”

The short answer is: No. The AEP is a window of opportunity, not an obligation. Here’s the scoop:

πŸ“Œ If you’re satisfied with your current coverage, you don’t have to make any changes. Your existing plan will automatically renew for the upcoming year, ensuring continuity in your healthcare coverage. However, there’s a caveat: if your current plan is being discontinued, you’ll need to select a new plan.

Why consider changes during the AEP? πŸ”„

While there’s no mandate to make changes during the AEP, it’s a prime time to:

  1. Review your current plan: Ensure you’re familiar with any modifications to your plan for the upcoming year, such as changes in premiums, deductibles, or covered medications.
  2. Compare other available plans: Even if you’re content with your current plan, it doesn’t hurt to see what other plans offer. There might be another plan that provides better value or more suitable coverage for your needs.
  3. Adapt to health changes: If your health needs have evolved over the past year, the AEP is the time to ensure your Medicare coverage aligns with those changes.

FAQ:

Q: What if my current plan is being discontinued? 😟

  • A: If your plan is being phased out, you’ll receive a notice from your plan provider. During the AEP, you’ll have the chance to enroll in a new plan that suits your needs.

Q: Can I revert changes made during the AEP? πŸ”„

  • A: Yes, during the AEP, you can make multiple changes. The last decision you make before the AEP concludes will be the one that becomes effective on January 1st.

Q: What happens if I do nothing during the AEP? πŸ€·β€β™‚οΈ

  • A: If you take no action and your current plan is still available, it will automatically renew for the next year. You’ll continue to receive the same coverage, subject to any changes the plan might introduce for the new year.

Navigating the AEP with Confidence πŸŒπŸ”

The Medicare Annual Enrollment Period is all about giving beneficiaries the power of choice. Whether you decide to stick with your current plan or explore new horizons, the key is to stay informed and proactive. Remember, the AEP is your yearly chance to ensure your Medicare coverage aligns perfectly with your needs. So, take a moment, review your options, and sail into the new year with confidence! 🌟

MBG IS AN INSURANCE BROKER AND IS NOT ASSOCIATED, ENDORSED, OR AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, OR THE CENTER FOR MEDICARE AND MEDICAIDΒ 

SERVICES (CMS)

https://medicarebenefitsgroup.com/contact/

Get In Touch

For inquires or questions on Medicare please send us a message.

What Our Customers Have To Say

Shecter Calendar
Shecter Calendar
2023-05-12
Very knowledgeable, friendly, easy to work with.
Cindy
Cindy
2023-05-11
Jim was a great resource who was recommend by my financial advisor. His explanations of the various options were straight forward and very informative. He asked me pertinent questions about my health in order to tailor a plan to best fit my needs.
beth swartz
beth swartz
2023-05-10
very knowledgable
Loventry Robinson
Loventry Robinson
2023-05-10
Jim is patient and very knowledgeable in his work. He helped me to get the Medicare advantage plan I wanted, and I am very satisfied.
Teresa Orr
Teresa Orr
2023-05-10
Jim was very helpful in explaining coverages and explaining the steps I needed to take to get Medicare. I highly recommend him. He is very knowledgeable on all aspects of care and made it easy for me to enroll in coverage.
Laurie Eisenbraun
Laurie Eisenbraun
2023-05-08
Jim was able to provide tailored Medical Gap policy solutions that fit my and my husbands individual needs. Jim is knowledgeable about all the potential policies that could work for us.
Denise Bensch
Denise Bensch
2023-05-04
I want to thank James Neil for making the Medicare Insurance sign up process so easy. He took what I thought would be a frustrating and confusing process, and made it a pleasure. He clearly explained our options and gave us information in an easy to understand manner. I will definitely recommend his services to friends and family.
Chris Bensch
Chris Bensch
2023-05-04
Mr. Neal is extremely knowledgeable & helpful. He did an excellent job of explaining how everything works and presented our options clearly. I'd strongly recommend anyone nearing retirement, considering a benefit change or simply looking for an overview of their options contact him.
Patrick Lennane
Patrick Lennane
2023-05-01
Awesome experience, explained all options clearly and made it easy to make a healthcare decision. Highly recommend!
KATHY TROHA-AUSTIN
KATHY TROHA-AUSTIN
2023-04-24
These two (Jim and Jennifer) were awesome. Extremely knowledgable about the entire process. Would highly recommend them.