Your health and budget can change from year to year—and so can Medicare plans. That’s why it’s important to review your coverage regularly and know how to make changes when necessary. Whether you’re looking for lower costs, better drug coverage, or a plan that includes your new doctor, here’s how to safely switch your Medicare plan.
Step 1: Review Your Current Coverage
Each fall, your plan will send you an Annual Notice of Change. This document explains any changes in costs, benefits, or provider networks for the coming year. Reviewing this notice carefully helps you decide whether it’s time to shop around.
Step 2: Compare Your Options
During the Annual Enrollment Period (October 15 – December 7), you can compare plans and decide whether to switch. Look for:
Are your doctors still in-network?
Are your prescriptions covered at a reasonable cost?
Are there lower-cost options that fit your needs better?
A Medicare agent can run these comparisons quickly and clearly, saving you time and stress.
Step 3: Submit Your Enrollment
Once you’ve chosen a new plan, your agent can help you submit your enrollment paperwork correctly and on time. This ensures your new coverage starts January 1.
Step 4: Verify Your New Plan
After enrollment, review your new plan’s documents and ID cards to confirm that your information is correct. Keep your old plan’s cards until the new coverage officially begins.
Special Enrollment Periods (SEPs)
You don’t have to wait until October if you experience certain life events. Moving to a new state, losing employer coverage, qualifying for Medicaid, or entering a care facility are all examples of situations that may qualify you for a Special Enrollment Period.
Why This Matters
Changing plans isn’t just about saving money—it’s about making sure your healthcare fits your current needs. By working with a licensed agent, you’ll have peace of mind knowing you’ve reviewed all the options and chosen the best one for your health and your wallet.