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What You Need to Know About Medicare Open Enrollment

What You Need to Know About Medicare Open Enrollment

by Amy Pucci | October 11, 2022 | Financial Planning, Medicare Open Enrollment

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 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 options through the website.
  • You should have received a Medicare & You handbook in the mail or electronically.  If not, you may download a copy 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.


  • 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.