AEP stands for Annual Enrollment Period. It is the one time of the year you're allowed to make changes to your Medicare coverage, including your Prescription Drug Plan (Part D).
You will also learn about any changes to Medicare as well as changes to your Medicare Advantage Plan (Part C).
AEP is from October 15th to December 7, 2018. This is the Medicare's Open Enrollment for 2019 begins and ends. It is your once a year opportunity for you to switch from a traditional Medicare plan to a private Medicare Advantage Prescription Drug plan (MA/MAPD) or vice versa and to disenroll from the MA/MAPD) and enroll in a Private Prescription Drug (PDP) plan.
Before the start of AEP, if you have a MA/MAPD you will be receiving two important documents the:
1. Annual Notice of Change (ANOC), which lets you know of any changes to your current health plan for the upcoming year
2. Evidence of Coverage (EOC), which provides details about your health plan, including what it covers and how much you will pay for health care for the coming year.
They should have been in your mailbox by September 30th.
If you are pleased with your Medicare Advantage coverage, you don't need to do anything. Your coverage will automatically renew for another year.
If you have any questions about AEP and need a free consultation simply call (773) 614-3201 or e-mail me at firstname.lastname@example.org. I'm ready to help you.
The Annual Enrollment Period has come to an end. However, there is an Open Enrollment Period coming up on January 1, 2019 where you can change to another Medicare Advantage Plan or to return to traditional Medicare, and choose both a Prescription Drug Plan, and a Medicare Supplement Plan. Detail on this in my next blog. Look for it.