Your healthcare needs, prescriptions, and budget can change from year to year — and so can Medicare plans. Insurance providers regularly update costs, coverage options, and drug formularies.
What worked for you this year may not be the best option next year. AEP is your chance to:
Switch Medicare Advantage plans or return to Original Medicare.
Update your Medicare Part D prescription drug plan to ensure your medications are covered at the most competitive price.
Explore new plan options that may better match your needs or budget.
Five Tips to Prepare for AEP
1. Watch for Mail From Your Insurance Carrier
As AEP approaches, keep an eye out for letters and notices from your insurance carrier. These may include your Annual Notice of Change (ANOC) or Evidence of Coverage (EOC), which outline updates to premiums, copayments, covered drugs, and provider networks.
Quick Tip: Create a dedicated folder (digital or physical) to keep all Medicare-related documents in one place for easy reference.
2. Mark Your Calendar for October 1
On October 1, insurance companies release updated plan information for the next year.
By previewing plan details early on platforms such as Healthpilot, you can compare benefits, costs, and coverage before AEP officially begins.
Quick Tip: Set a reminder for October 1 to check plan updates. Reviewing early gives you more time to make an informed choice.
3. Compare Your Current Plan With New Options
When new plans are released, review your current coverage and compare it with available options. Medicare plans may change premiums, deductibles, copayments, or prescription drug coverage each year.
Questions to ask yourself:
Has my plan’s monthly premium changed?
Are my medications still covered affordably?
Does my provider network still include my preferred doctors and pharmacies?
How do out-of-pocket costs compare to other plans?
Quick Tip: If you visit the doctor frequently, a plan with a slightly higher premium but lower copays may save you money overall.
4. Be Ready on October 15
October 15 marks the official start of AEP. If you’ve already compared plans and narrowed your options, this is the day to complete your enrollment.
Quick Tip: Block off time in your schedule around October 15 to finalize your choice and avoid a last-minute rush.
5. Choose the Right Medicare Partner
Navigating Medicare can feel overwhelming, and not all insurance resources operate the same way. Some rely on commissions, which may influence the recommendations you receive.
The right Medicare partner will:
Provide clear, transparent information.
Offer unbiased guidance tailored to your needs.
Respect your privacy by avoiding spam calls and high-pressure tactics.
Preparing for AEP 2025
AEP is your yearly opportunity to align your Medicare coverage with your current health and financial needs. By reviewing plan updates, comparing your options, and working with a trusted partner, you’ll be better prepared to make confident decisions about your healthcare coverage for the year ahead.