How frequently can beneficiaries review and compare their Medicare Advantage plans?

Beneficiaries are allowed to review and compare their Medicare Advantage plans once a year during the Annual Enrollment Period (AEP). This period typically occurs from October 15 to December 7 each year. During this time, individuals have the opportunity to assess their current plans, explore different options, and make changes if they wish. This can include switching plans, enrolling in a new plan, or returning to Original Medicare.

The annual cycle allows for updates and adjustments based on beneficiaries’ health needs, changes in coverage, or new plan offerings. After the AEP, beneficiaries can also review their options during the Medicare Advantage Open Enrollment Period, which is from January 1 to March 31, but that is primarily for those who are already enrolled in Medicare Advantage plans.

This structured timeframe ensures that beneficiaries are well-informed and can make decisions that best suit their healthcare and financial needs annually.