Procrastination is a common human trait, and if that’s one you or someone you know has applied to the sometimes-daunting-task of reviewing your health care options for 2016, now is the time to take action.
Medicare’s open enrollment period ends Monday Dec 7. Each year this open enrollment period, also known as the Annual Election Period (AEP) is from October 15 – December 7. It’s a time where you can review your current health and prescription drug plan, review any cost and benefit changes for 2016, compare it to other options that may better suit your needs (including returning to Original Medicare), and make a change. Any changes must be made before midnight on Dec 7 and are effective Jan 1.
Some people confuse Medicare’s open enrollment with the open enrollment for Health exchanges or Marketplaces, like Covered California. Their open enrollment is Nov 1, 2015 to Jan 31, 2016.
To learn more about Medicare’s open enrollment and your options, see our webpage on the AEP.