What is AEP and Why Does It Matter Every Single Year?

If you've had Medicare for a while, you've probably heard the term AEP — the Annual Enrollment Period. But even long-time Medicare members sometimes wonder: why does this matter every single year?

What is AEP?

The Annual Enrollment Period runs from October 15 through December 7 each year. During this window, you can review your current coverage and make changes for the upcoming year — switching Medicare Advantage plans, moving between Medicare Advantage and Original Medicare, or changing your prescription drug coverage.

Why review every year?

• Plans can change their costs, coverage, and provider networks each year

• Your health needs may have changed since you last enrolled

• New plans may be available in our area that weren't before

• A plan that was right for you last year might not be the best fit this year

The bottom line: even if you're happy with your current plan, it's worth a quick annual check-in to make sure it's still your best option. That's exactly what we're here to help with.