Medicare Open Enrollment (also known as Open Election) is an important period for individuals eligible for Medicare, as it offers the opportunity to review and make changes to your existing coverage. Medicare Open Enrollment for 2024 will begain October 15th, 2023 and end on December 7th, 2023, With coverage beging on January 1^st, 2024. During this time, you can change your Medicare Advantage or Part D prescription drug plans for the upcoming year. You can also switch from Original Medicare to a Medicare Advantage Prescription Drug Plan. If you need to make changes to your coverage At Hilgerman Insurance Solutions, we believe in empowering individuals to make informed decisions about their healthcare. 

Understanding Medicare Open Enrollment

Medicare Open Enrollment, also known as the Annual Enrollment Period (AEP), is the time when Medicare beneficiaries can review, make changes, or switch their Medicare coverage for the upcoming year. This period provides an opportunity to reassess your healthcare needs and explore new options to ensure your coverage aligns with your evolving requirements.

Key Dates for Medicare Open Enrollment

Medicare Open Enrollment generally takes place from October 15th to December 7th each year. It is important to mark these dates on your calendar to ensure you don’t miss the opportunity if you need to make changes to your Medicare coverage.

Essential Steps for Medicare Open Enrollment:

• Evaluate Your Current Coverage:  Take the time to review your current Medicare coverage, Medicare Advantage (Part C), and Medicare Prescription Drug Coverage (Part D). Assess your healthcare needs and consider any changes in your circumstances that may impact your coverage requirements.
  
• Explore Your Options: Different Medicare plans are available in your area. Compare the benefits, costs, and network of providers offered by Medicare Advantage plans (Part C) and Medicare Prescription Drug Plans (Part D). Ensure the plans you consider cover your prescription medications, doctors, hospitals, and other healthcare providers you prefer.
• Consider Changes in Your Healthcare Needs:  Evaluate any changes in your healthcare needs, such as new medications, upcoming surgeries, or additional healthcare services required. This assessment will help you determine if your current coverage adequately meets your needs or if adjustments are necessary.
• Seek Expert Advice:  Medicare options can be complex. Reach out to Hilgerman Insurance Solutions for professional guidance. We can help clarify your options, answer your questions, and provide personalized recommendations based on your unique circumstances.
• Enroll or Make Changes:  You can take action during the Open Enrollment period to enroll in a new Medicare plan or make changes to your existing coverage, or switch between Medicare Advantage and Original Medicare, if desired.

What are some tips for getting the most out of Medicare AEP?

There are a few things you can do to make sure you get the most out of Medicare AEP. Be on the lookout for your Annual Notice of Change (ANOC) that will be sent out by your current insurance carrier.  This will alert you to any changes the carrier is making for the coming year that may affect you.  Then watch for my email and respond with your updated medication list by October 15, 2023, so I may review your medications with the plan options available for 2024.  

If you’re not sure what changes you can make during open Election, let’s visit.  I can help you understand your options and assist you in securing the plan that suits your unique situation.

Navigating the complexities of Medicare eligibility and coverage can be challenging, which is why it can be helpful to work with a knowledgeable professional like Hilgerman Insurance Solutions. Our team can help you understand your options and make informed decisions about your Medicare coverage. Contact us today to learn more about our services and how we can help you get the most out of your Medicare benefits.

CMS Medicare Regulation effective 10-1-2022 – Recorded Calls: Every phone call that relates to Medicare Advantage and Prescription Drug Plans, that will lead to an enrollment, must be recorded in its entirety and stored for 10 years in case there is any allegation of misconduct reported against the Agent or carrier, and to make sure the client understands the plan in which they are enrolling.  You will be asked to Opt In or Opt Out of Recorded Calls when we first connect by phone.  If you do not wish to be recorded, we will discuss other methods of communication, such as Email communications.

Hilgerman Insurance Solutions
(805) 279-5482
deb@hilgermanins.com  
www.hilgermanins.com