FAQ Friday: What the 2019 Annual Election Period means for you
October is here and with that comes the 2019 Annual Election Period (AEP). In this video, I will discuss what the 2019 AEP means for you and whatever coverage you have.
- If you have a Medicare Supplement Plan (Medigap), you can shop now to save money on your supplement plan. Just a reminder, you can actually do that all year however, now is a good time to do it because a lot of companies have their rates published for 2019.
- If you have a Medicare Part D drug plan, this is a very important time for you. The Annual Election Period is the only time in the year that you can shop your Part D drug plan. Between October 15th and December 7th, you can shop and compare your Part D drug plans with the new plans.
- If you have a Medicare Advantage Plan, again, this is the only time in the year that most people can shop their Advantage Plan. You should have received your ANOC (Annual Notice of Change) in September of any changes being made to your plan. So, you can now compare your plan and the changes made to any other plans available in your area and what they are offering for 2019.
Last Updated on July 2, 2021 by Brian Kondas