When is AEP?

AEP stands for the Annual Enrollment Period.  Insurance Carriers will make their plans for the following year available on their sites beginning October 1st. However, you cannot make changes to your Medicare Advantage Plan or Stand-alone Prescription Drug Plan until October 15th. The Annual Enrollment Period is open from October 15th through December 7th. If…

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Is the Medicare “Donut Hole” Gone?

Beginning on January 1, 2025, Medicare Prescription Drug Plans, also known as Part D will no longer have a Donut Hole or Coverage Gap. Starting in 2025, the Inflation Reduction Act will implement significant changes, resulting in only three distinct phases for Part D Plans. The deductible phase, the initial phase and the catastrophic phase.…

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