If you’re nearing retirement, then it’s important that you learn about Medicare coverage and get answers to your questions. Making sure that you’re aware of all your different options is important, so that you can get the best coverage for your individual situation. Let’s talk more about Medicare coverage and enrollment, as well as if it’s required to change your policy coverage yearly.
Annual Enrollment Period
The Annual Enrollment Period is the time when anyone can modify their current policy, enroll in a new policy or leave their current policy. This period happens once a year, so it’s important to make sure that you’re aware of when this period is. Keeping track of the Annual Enrollment Period is essential if you’re going to make changes to your policy.
If you miss the Annual Enrollment Period, then you may need to wait until the following year’s period to make any changes to your policy. If you’re not sure whether or not you want to make changes to your policy, then it can be helpful to speak with an insurance professional and get answers to your questions.
Is It Required to Make Changes?
It is definitely not required to make any changes to your policy. If you’re happy with your current coverage, then there’s no need to make any changes or utilize the Annual Enrollment Period.
Medicare evaluates its policies yearly, to make sure that they provide the most updated coverage. If Medicare is making changes to your current policy, then they’ll notify you about those changes. You can then decide if you would like to switch your policy or if the updated coverage will be sufficient.
Learn More About Medicare
If you’re feeling overwhelmed at the thought of enrolling in Medicare, then it can be helpful to work with a professional that has years of experience. We’re here to make sure that you’re confident in your Medicare choices and that you have support if you need to make any changes to your policy during the Annual Enrollment Period. If you’re ready to learn more about Medicare or make a change to your policy, then feel free to reach out and book an appointment!