Open Enrollment for Medicare: What You Need to Know

Navigating Medicare can feel overwhelming, especially as open enrollment approaches. At Universal Insurance Agency, we understand how important it is for Ohio residents to make informed decisions about their health coverage. Whether you’re already enrolled in Medicare or approaching eligibility, understanding the open enrollment process can help you secure the coverage that best fits your needs.

What Is Medicare Open Enrollment?

Medicare open enrollment is a designated period each year when you can review, change, or update your Medicare coverage. For most people, this period runs from Oct. 15 to Dec. 7. During this time, you can do the following:

• You can switch between Original Medicare and Medicare Advantage plans.
• You are allowed to change from one Medicare Advantage plan to another.
• You may join, drop or switch Medicare Part D prescription drug plans.

Why Is Open Enrollment Important?

Your health needs and financial situation may change from year to year. Open enrollment gives you the opportunity to do the following:

• Ensure your current plan still meets your needs.
• Compare new plan options and benefits.
• Adjust your coverage if your medications or preferred doctors have changed.
• Avoid potential gaps in coverage or unexpected costs.

Key Deadlines for Ohio Residents

It’s important to mark your calendar for the Medicare open enrollment period: Oct. 15 to Dec. 7. Any changes you make during this window will take effect on Jan. 1 of the following year. Missing this deadline may mean waiting another year to make changes, unless you qualify for a special enrollment period.

How Our Team Can Help

Our team can help with the following:

• Review your current Medicare plan and coverage.
• Explain your options for Medicare Advantage and Part D plans.
• Help you compare costs, benefits and provider networks.
• Guide you through the enrollment or plan-switching process.

We know that every individual’s situation is unique. Our goal is to provide clear, personalized guidance so you can feel confident in your Medicare choices. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.