How to Prepare for Medicare’s Annual Enrollment Period (AEP): A Simple Guide for 2025

🗓 What is AEP and Why It Matters

The Annual Enrollment Period (AEP), running from October 15 to December 7, is your once-a-year opportunity to review your Medicare plan, compare benefits, and make changes that take effect on January 1, 2025. Even if you’re happy with your current plan, it’s wise to check for changes—because costs, provider networks, and benefits can shift each year.

📋 Step 1: Review Your Current Plan

Take time to look at your plan’s Annual Notice of Change (ANOC). This document outlines any changes in premiums, drug coverage, and provider networks. What worked last year may not be the best fit for next year.

🔍 Step 2: Compare Options

New plans may be available in your area with lower costs or better benefits. Compare prescription drug coverage, monthly premiums, and extra benefits like dental, vision, and hearing.

💊 Step 3: Make a Medication List

Write down all the prescriptions you take, their dosages, and your preferred pharmacy. This ensures you choose a plan that keeps your medications affordable and accessible.

📞 Step 4: Get Professional Help

Medicare rules can be complex. A free consultation with a trusted advisor can help you:

• Avoid penalties

• Find hidden savings

• Match your coverage to your health needs

🚫 Step 5: Avoid Common Mistakes

• Don’t assume last year’s plan is still the best

• Don’t wait until the last minute (lines and phone calls get busier in December)

• Don’t ignore coverage changes—it could cost you more out of pocket

✅ Your Next Move

The best time to prepare is now. By reviewing your plan early, you’ll have peace of mind heading into the new year.

📞 Contact Medicare & Money today to book your free Medicare review—and step into AEP with confidence.