Medicare’s annual Open Enrollment period runs from October 15th through December 7th each year.
During this time, for those already enrolled in Medicare, you may:
- Switch between Original Medicare and Medicare Advantage (also known as Medicare Part C). What’s the difference between these two coverage options? Find out more here!
- Join a new prescription drug plan or Medicare Advantage Plan
- Change your Supplemental/Medigap policy (for those with Original Medicare)
Any changes made will take effect on January 1st.
Where to begin:
- The Annual Notice of Change, typically sent late September, provides you with a summary of any changes in coverage or costs within your current plan that will take effect in the new year.
- If you are not satisfied with your coverage for the upcoming year, you may review your options through the Medicare.Gov website.
- You should have received, in the mail or electronically, a 2023 Medicare & You handbook. If not, you may review a copy here where you may review the parts of Medicare, options, coverages and costs.
To Do, NOT To Do and Always Do:
- Take time to review as outlined above.
- Look at other plan options, even if you are satisfied with your current plan, to see if there are other options available that may better fit your needs and wallet.
- If you currently have Medicare Part D, review your current prescription coverage and costs.
Do NOT :
- Answer calls from unsolicited plan representatives.
- Believe everything you hear through the television, phone, or other marketing platforms. Find out more about Open Enrollment Period Scams!
- Review your coverage and plan options with a trusted insurance representative before making any changes.
- Call Tull Financial Group should you need assistance in finding a trusted insurance representative or have other questions about your Medicare options.