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3 Steps to Prepare for Medicare Annual Enrollment 2023


2023 Medicare Annual Enrollment Period
2023 Medicare Annual Enrollment Period

Medicare’s Annual Enrollment Period (AEP) is just around the corner. Here are a few things to think about before AEP so you decide whether a change is necessary for you.


1: Take a Look at Your Current Health Plan


During AEP you will have the opportunity to evaluate your Part D drug plan and your Medicare Advantage Plan. You’ll also be able to add Medicare Part D Prescription Drug coverage if you don’t have it already. Some of the reasons to consider a change are:

  • You don’t like your current plan changes coming up for the next year

  • Your monthly plan premium is going up

  • You have learned that one of your doctors will no longer be in the network

  • The plan is dropping one of your important medications for next year

  • You want the more comprehensive coverage provided by a Medicare supplement plan (which could require medical underwriting)

2: Note Any Changes to Your Health


Before AEP, take some time to write down changes in your personal health you’ve noticed over the past year. Minor or major, all changes should be considered when you’re researching Medicare plans. You may find that certain plans offer more comprehensive coverage for your personal conditions than your current plan, or other available plans, may offer.


3: Make a List of Your Medications


Medicare Prescription Drug coverage, also known as Medicare Part D, can help you save on the prescription medications you need. If you take many different medications, a Part D plan isn’t a bad thing to have. However, you’ll want to make sure that your own personal medications are covered before jumping into a plan.


To prepare for enrolling in Part D plans, make sure you list every medication that you take. It sounds like a tedious process, but it’s worth it. A list of your medications will help you compare your needs versus what Part D plan formularies will or will not cover. In the end, this can help you choose a Medicare Prescription Drug plan that covers exactly what you need.


Virginia Health Insurance Agent
Virginia Health Insurance Agent

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