Understanding Medicare Open Enrollment

Medicare Open Enrollment, also known as the Annual Election Period (AEP), is a critical time for beneficiaries in Novi to reassess their Medicare plans. This period, running from October 15 to December 7, allows you to make changes to your Medicare coverage.

Key Areas to Review During Open Enrollment

• Plan Changes: Evaluate any changes to your current plans, such as benefits adjustments or coverage modifications.
• Doctor Networks: Confirm that your preferred healthcare providers remain within the network of any plans you are considering.
• Drug Formularies: Review any updates to the list of covered medications within your Medicare Part D prescription drug plan.
• Premiums: Check for changes in premium costs and compare them across different plans.
• Maximum Out-of-Pocket (MOOP): Assess the MOOP limits for your plans, as these caps can affect your overall healthcare spending.

Changes for the Upcoming Plan Year

For 2025, beneficiaries in Novi should be aware of potential adjustments in Medicare Part B premiums and possible changes in the Part D out-of-pocket cap. Stay informed about how these changes might impact your options and budgeting.

Quick Checklist for 2025 Medicare Open Enrollment

• Review changes in your current plan
• Confirm network providers and pharmacists
• Compare premiums and out-of-pocket costs
• Check the updated drug formulary list

Schedule Your Consultation

Ready to make informed decisions about your Medicare options? Schedule a consultation with Medicare Benefits Group to discuss Medicare Advantage plans in Novi and ensure you have the best coverage for 2025.

Contact us at (734) 657-4797 for personalized guidance during Medicare Open Enrollment in Novi.