Medicare Annual Enrollment Period: 5 Key FAQs
Garry Keenen | Sep 17 2025 15:00
Do I need to do anything if I’m happy with my current plan?
Even if you’re satisfied with your current Medicare plan, it’s a good idea to review your coverage during the Annual Enrollment Period (AEP). Each year, premiums, provider networks, and drug formularies can change. These changes could impact your out-of-pocket costs or the list of medications your plan covers, so staying informed is crucial.
What changes can I make during Open Enrollment?
During the AEP, which runs annually from October 15 to December 7, you can make several changes to your Medicare coverage. You have the option to switch from Original Medicare to a Medicare Advantage plan, change from one Medicare Advantage plan to another, or modify your Part D prescription drug coverage. These adjustments can help you tailor your healthcare to better meet your needs each year.
What if I miss the Open Enrollment deadline?
If you miss the AEP deadline, you won't be able to make changes to your Medicare plan unless you qualify for a Special Enrollment Period due to a major life event. Otherwise, you’ll have to wait until next year’s Annual Enrollment Period to make any changes to your coverage.
What’s the difference between Original Medicare and Medicare Advantage?
Understanding the difference between Original Medicare and Medicare Advantage is key to choosing the right plan. Original Medicare is government-managed and typically involves enrolling in both Part A (hospital insurance) and Part B (medical insurance), often supplemented with Part D for drug coverage and optional Medigap for extra cost coverage. Medicare Advantage plans, on the other hand, are offered by private insurers and usually bundle Part A, B, and D benefits, often with additional perks like dental or vision coverage.
When can I learn about next year’s plans?
Details about next year’s Medicare plans are available beginning in October each year. If you're planning to review your options, consider reaching out to 1-800-MEDICARE or visiting Medicare.gov to get the information you need. Being well-informed helps ensure that your healthcare plan suits your needs and financial situation.
Empowering yourself with knowledge about the Medicare Annual Enrollment Period means gaining greater control over your healthcare decisions. Start researching early using trusted resources like Medicare.gov, and don’t hesitate to speak with a professional if needed. Remember that even a small review of your plan can lead to significant savings or better coverage in the year ahead.