Starting tomorrow, October 15, Medicare’s Annual Enrollment Period (AEP) officially begins. This window, which runs through December 7, is an important time for both current Medicare participants and those who are new to Medicare eligibility.
For Those Already Enrolled
If you already have Medicare, the Annual Enrollment Period is your chance to:
Review your current plan to see if it still fits your healthcare and budget needs.
Switch from Original Medicare to Medicare Advantage—or vice versa.
Reevaluate your Part D prescription drug plan to make sure your medications are still covered at a cost that works for you.
Because plan details like premiums, copayments, provider networks, and drug coverage often change year to year, reviewing your plan now can help you avoid surprises in 2025.
For Those Turning 65 or Newly Eligible
If you are turning 65, or recently became eligible for Medicare, this may be your first opportunity to choose your coverage. You don’t have to wait until AEP if you’re new to Medicare, but this season is a great reminder to:
Learn about Medicare Parts A, B, C, and D, and what each covers.
Decide whether Original Medicare or a Medicare Advantage plan better fits your needs.
Explore prescription drug coverage options so you’re not left paying more out of pocket.
Understanding your choices early can set the tone for your healthcare and financial planning in retirement.
Key Dates to Remember
October 15, 2025 – Medicare Open Enrollment begins.
December 7, 2025 – Enrollment ends.
January 1, 2026 – Any changes you make take effect.
Guidance When You Need It
Medicare can be complex—whether you’ve had coverage for years or you’re just turning 65. At Flagship Financial Advisors, we help clients navigate these decisions as part of their overall retirement strategy.
Open Enrollment begins tomorrow, so now is the perfect time to take a closer look at your healthcare coverage and explore your options.