The Annual Election Period (AEP) for Medicare is happening now. This allows those seniors that may not have enrolled when they were first eligible to now have a chance to sign up or change up their Medicare plans. Local Insurance Agent Sean Stevens shares why this time is important:
“Gives the seniors a chance to review their prescription program. It is a very necessary thing to do because prescriptions change, companies change what is covered, and pharmacies change. It is a good thing to sit down and review,” Stevens states.
Changes that can be made now through December 7th include, switching from an original Medicare program to a Medicare Advantage plan and vise versa, enroll in a Part D prescription plan, or opting out of your Medicare Part D plan.
Changes made during the AEP period will go into effect on January 1st.
To review your Medicare plans, contact your insurance agent or Strom Center.
To listen to Sean’s full interview, click on the link below: