Medicare Open Enrollment 2025

Understanding Medicare Open Enrollment

Every year, Medicare beneficiaries have a special opportunity to review and make changes to their Medicare coverage during the Medicare Open Enrollment Period. This is the time of the year when you can change your Medicare Plans, including Medicare Advantage and Part D Prescription Drug Plans. For 2025, the Medicare Open Enrollment runs from October 15 to December 7.

During this annual enrollment period, you can:

• Switch from Original Medicare to a Medicare Advantage Plan or vice versa.

• Change from one Medicare Advantage Plan to another.

• Enroll in a Part D Prescription Drug Plan or change your current plan.

Medicare Advantage Plans: What You Need to Know

Medicare Advantage Plans, also known as Part C, are an alternative to Original Medicare. These plans are offered by private companies approved by Medicare and include Part A and Part B coverage. Some plans also offer additional benefits like vision, hearing, and dental.

In 2025, Medicare Advantage Plans continue to be a popular choice for many people with Medicare due to their comprehensive coverage options and potential cost savings.

Enrolling in a Medicare Advantage Plan in 2025

If you're considering enrolling in a Medicare Advantage Plan during the 2025 Medicare Open Enrollment, it’s essential to compare the options available in your area. Plans can vary significantly in terms of cost, coverage, and provider networks.

Before you enroll, check:

• Monthly premiums and out-of-pocket costs.

• Network restrictions and flexibility.

• Additional benefits offered.

The Role of Medicare Part D in Your Coverage

Medicare Part D Plans provide coverage for prescription drugs, which are not covered under Original Medicare. If you are not enrolled in a Medicare Advantage Plan that includes drug coverage, you may want to consider a standalone Part D Prescription Drug Plan.

During the 2025 Medicare Open Enrollment Period, you can add or change your Part D Plan to better meet your prescription needs. Be sure to review the formulary to ensure your medications are covered and compare costs associated with each plan.

Exploring Medigap and Medicare Supplements

Medigap, or Medicare Supplement Insurance, helps cover some of the out-of-pocket costs that Original Medicare doesn’t cover, such as copayments, coinsurance, and deductibles. These plans are especially beneficial if you have high medical expenses.

Although Medigap policies are not part of the Medicare Open Enrollment, it’s a good time to review your current Medicare Plan and consider if adding a Medigap policy could benefit you.

Annual Enrollment and Special Enrollment Periods

While the annual enrollment period is the primary time to make changes, certain life events may qualify you for a Special Enrollment Period. This allows you to make changes to your Medicare Plan outside of the usual enrollment windows.

Events that may qualify include moving to a new area, losing current coverage, or becoming eligible for Medicaid.

Steps to Enroll in Medicare for 2025

If you are new to Medicare, the Initial Enrollment Period is your first chance to enroll. This period begins three months before you turn 65 and lasts for seven months. If you miss this window, you may have to wait until the general enrollment period and pay a late enrollment penalty.

For those already enrolled in Medicare, the Annual Election Period is your opportunity to make changes to your plan. Whether you are considering switching to a Medicare Advantage Plan or changing your Part D Plan, this is the time to act.

We're Here to Help

Don't wait until the last minute! The Medicare Open Enrollment Period is a critical time to review and update your coverage. Contact Bourgeois Insurance Agency, LLC today at (985) 803-8999 to speak with one of our knowledgeable representatives.

Let us help you navigate the 2025 Medicare landscape and find the right plan for you. Call now to schedule a consultation!