Medicare Annual Election for 2020 Will Be Here Soon!

This year’s Annual Enrollment Period (AEP) is scheduled as usual for October 15th through December 7th.  This means that is you have Medicare, you can make changes to your Medicare Advantage plans (Part C), Prescription Drug Plans (Part D), and other changes that effect your Part A and Part B coverage. 

For those who are about to enroll in Medicare for the first time, because you have just turned 65 or have a disability, you have your own Initial Enrollment Period (IEP). For those turning 65, you can enroll 3 months before your birthday month, or on your birthday month, or 3 months after.  It is best to enroll before your birthday month to avoid delays in the start date of your benefits.

There are several options to go along with initial Medicare (Parts A and B) – a Supplemental or “Medigap” plan, a Medicare Advantage plan (known as Part C), and prescription drug coverage (known as Part D). There is a lot to explain about all these options – work with a trusted advisor who will sit down with you and analyze what your needs and lifestyle are, so they can show you the plan that would work best for you.

There are some things that we know are changing for the 2020 season:

  • Changes in Prescription Drug Plans (PDP, Part D). The donut hole will be gone!  This means that after you pay the deductible, the initial coverage phase will extend, and as a result, you’ll pay 25% of your generic drug costs al the way to the last phase of coverage.
  • Medicare Supplement Plans F and C will no longer be offered in 2020. These plans have slight differences but the one thing they have in common is that they pay the Part B Deductible, which is currently $185 dollars per year. The reason these plans are not going to be available is that all new supplement plans will require a Medicare beneficiary to pay the annual Part B deductible.  If you have one of these plans , or purchase one before December 31, 2019, you may keep it.  However, there may be some higher premium rates for these plans in the future.

These are just some of the changes in Medicare, but there may be more before the AEP is over. Consult with a trusted advisor who will keep you updated and explain how that will effect your coverage.

Will Schirmer is a Medicare Specialist and licensed agent who brings clarity to the enrollment process. Will’s past insurance experience also includes home, auto, health, accident, and life insurance –  and is now focusing on his passion, which is helping people understand Medicare.  Will is also part of Agents For Advocacy, a non-profit organization which provides education and support through talks, venue programs, and service support. Contact him at