According to the Centers for Medicare & Medicaid, more than 10,000 people are turning 65 every day and may qualify for Original Medicare insurance. Once an individual obtains the core parts of Medicare, other options may lower out-of-pocket costs. Some beneficiaries choose to get their coverage from Part C Medicare Advantage plans.
Medicare’s Annual Election Period (AEP) runs Oct. 15 through Dec. 7 and is an important season for all beneficiaries. It’s when the details are released about Medicare Advantage and Prescription Drug Plans for the coming year.