Annual Enrollment Period Mistakes to Avoid
The Medicare Annual Enrollment Period (AEP) runs from October 15 through December 7 every year. This window is the only time most Medicare beneficiaries can switch plans, add coverage, or make adjustments to their existing plans.
Unfortunately, many people treat this period as a formality—or worse, ignore it altogether. At Medicare & Money, based in Cherry Hill, New Jersey, we’ve helped hundreds of clients avoid the most common and costly enrollment pitfalls. Here are the top mistakes we see—and how you can avoid them.
1. Not Reviewing Your Current Plan
Mistake: “I’m fine with my current plan, I’ll just keep it.”
Reality: Your plan may have changed premiums, deductibles, networks, or drug coverage. What worked for you last year may cost more or cover less this year.
What to do instead: Take time to review your Annual Notice of Change (ANOC) and compare it against your current health needs.
2. Missing the Enrollment Deadline
Mistake: Waiting too long and missing the December 7 deadline.
Reality: After this date, you may be locked into your plan for another year—even if it no longer fits your needs.
What to do instead: Schedule your review early. At Medicare & Money, we begin client appointments in September and help secure plans well before the deadline.
3. Not Comparing Multiple Plans
Mistake: Picking the same plan as a friend, neighbor, or spouse without comparing your own options.
Reality: No two people have the same health needs or prescription costs. The best plan for someone else might be the wrong plan for you.
What to do instead: Get a personalized comparison based on your doctors, medications, and preferred pharmacies.
4. Overlooking Prescription Drug Coverage
Mistake: Choosing a plan based on premiums only.
Reality: A plan might seem affordable until you realize it doesn’t cover your prescriptions—or charges high co-pays.
What to do instead: Work with a licensed Medicare advisor to run a drug cost analysis. At Medicare & Money, we ensure your prescriptions are covered affordably.
5. Going It Alone Without Guidance
Mistake: Trying to enroll yourself without help or guidance.
Reality: With so many Part D plans, Medicare Advantage options, and supplemental choices, it’s easy to feel overwhelmed or choose the wrong coverage.
What to do instead: Get help from a local Cherry Hill Medicare advisor who knows the plans in your area and can walk you through the process clearly and calmly.
Let Medicare & Money Help You Get It Right
As an independent team in Cherry Hill, NJ, we take the time to help you:
Understand your plan options
Avoid enrollment penalties
Maximize your benefits
Choose coverage that truly fits your needs and budget
We offer free consultations, in-person or virtual, and specialize in Medicare education, plan comparison, and ongoing support—so you’re never left guessing.
Schedule Your Medicare Review Today
Avoid costly mistakes and get the peace of mind you deserve this AEP. Contact Medicare & Money for expert help from trusted advisors who put your needs first.
Call us or visit medicareandmoney.com to book your free consultation.
