- Changes in your healthcare needs: Your healthcare needs may change from year to year, and you may need to switch to a different Medicare plan to get the coverage you need. The AEP allows you to review your current coverage and make changes to your plan if necessary.
- Cost savings: Health insurance costs can change from year to year, and you may be able to save money by switching to a different Medicare plan during the AEP. By comparing plans and their associated costs, you may be able to find a plan that provides the same coverage for a lower premium.
- New benefits: Insurance providers may offer new benefits or features for their Medicare plans during the AEP. By reviewing your options and making changes during the AEP, you can take advantage of new benefits that may better suit your healthcare needs.
- Avoiding penalties: If you miss the initial enrollment period for Medicare and do not qualify for a special enrollment period, you may face a penalty for late enrollment when you do sign up for Medicare. By signing up during the AEP, you can avoid these penalties and ensure that you have coverage when you need it.
In summary, the AEP provides an opportunity for individuals with Medicare to review their current coverage, make any necessary changes, and potentially save money on their healthcare costs. It’s important to take advantage of this period each year to ensure that you have the coverage you need and avoid any potential penalties for late enrollment.
We are available to assist you with your Medicare needs during AEP and throughout the year. Don’t hesitate to give Lynn Kempel MEDICARE SOLUTIONS a call today at (815)801-7010. We will Make Medicare Easy for you!