The Medicare Annual Enrollment Period – AEP for short – is a set time each year for changing your Medicare coverage choices if you choose to. AEP runs from October 15 to December 7. New coverage choices go into effect on January 1.
Changes under the Inflation Reduction Act have savings coming. However, that could also lead to some increases in other areas when it comes to your prescription drug plans.
With the elimination of co-payments during the catastrophic phase and the lock-on premium increase after January 1, 2025, stand-alone Par D enrollees should plan to see a much higher increase in premiums for this upcoming year for prescription drug plans. Insurance carriers will be looking to recuperate their losses with increases in other areas.
Keep an eye out for additional newsletter articles and emails or links that we may send to you. We are finding that it is easier to provide you information or gather information from you by sending you videos to watch or fillable documents you can complete and submit to provide us with vital information. I know that some of you don’t have access to a computer, but know that you can view the videos or fill out the forms on your phone if you have an iPhone or other smartphone. And if you do not have a smartphone, we are just a phone call or text away. Change is usually daunting and unwelcome, but it is inevitable. Please rely on myself and our staff to make sure that you are well covered for whatever “changes” come this fall. You can reach me at (720)375-5479. If I am unavailable, please leave a very specific and detailed message or email me your concerns, and I will get back to you as soon as I possibly can.
We do not offer every plan available in your area. Currently we represent 9 organizations which offer 67 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
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