The Medicare Annual Enrollment Period, also known as AEP, runs from October 15th through December 7th each year. This is generally the only time you can make changes to your Medicare Part D or Medicare Advantage plan. Outside this window, you will need a qualifying life event to enroll in or change a plan.
At KMI we are using a web-based quoting and enrollment tool, My Guided Medicare, that allows our clients to compare available Part D and Medicare Advantage Prescription Drug plans based on their prescription medication needs. This tool also allows clients to self-enroll electronically once a plan has been selected. In addition, having a web-based platform allows us to virtually review your specific plan options, answer questions, and help you make decisions with confidence! When you work with us during the Annual Enrollment Period, you can enroll in a 2022 plan with ease using My Guided Medicare and have us available to answer questions. More importantly, you have an ongoing resource to help you understand how to use your coverage and to help with any issues that may arise throughout the year.
As a reminder, a Medicare Supplement plan can be changed any time of year and is not restricted by the Annual Enrollment Period. Please keep in mind that Medicare Supplement plan rates will adjust annually, and the timing of rate changes varies by carrier.
Steps for you to take:
The first step for AEP 2022 that you need to take is to review your Annual Notice of Change for your current Part D plan or Medicare Advantage Plan.
The Annual Notice of Change (ANOC), sent by your Insurance Carrier, tells you what is changing with your plan for 2022! The ANOC is typically sent to you in late September to early October. The ANOC will include any plan changes, such as:
- Plan premiums, co-pays and deductibles
- Plan being eliminated and mapped to a different plan
- Prescriptions being discontinued or added; a complete list of covered medications, known as the Formulary, can be found on the insurance carrier website
- Pharmacies being added or removed to their network
When should you consider a change to your prescription drug plan?
- If your Rx drug(s) are no longer on the plan’s formulary
- If your Rx drug needs have increased or changed
- If your premium has increased significantly
- If you are dissatisfied with your 2021 plan
The second step you need to take is to log in or create an account in our web-based quoting and enrollment tool using the 2022 My Guided Medicare Link on KMI’s website to enter your Prescription Drugs & Pharmacy Preferences
- Make sure you are using the link to the 2022 My Guided Medicare
- Only one account can be associated with a single email address, so if your household requires more than one account, use a different email address for each account
- If you have an account and have forgotten your password, the 2022 My Guided Medicare Shop & Enroll Tool has a password reset in the log-in field
- If you need a refresher on how to use the system, Click here to watch our tutorials!
If you need to make a plan change, the third step you need to take is to enroll for 2022; if no changes are needed, you don’t need to do anything other than continue to pay your premium.
- As of October 1, 2021, our Medicare page has a 2022 My Guided Medicare link posted in addition to the 2021 My Guided Medicare link; in the 2022 link to My Guided Medicare, the plan information will be listed on the “Prescriptions Drug Plans” or “Medicare Advantage Plans” tab
- Plans will be listed in the order of total overall yearly cost which includes your prescription drugs and pharmacy preferences that are entered in the system
- The fast and easy way to review your AEP 2022 plan options is through the 2022 My Guided Medicare link!
- After you have reviewed your plan options in 2022 My Guided Medicare, you can self-enroll in a plan from October 15th to December 7th, by adding the plan to your shopping cart and following the instructions to enroll
- Be aware that enrolling in a different plan for a January 1, 2022, effective date will automatically cancel your prior Part D or Medicare Advantage plan coverage at the end of 2021
- Lastly, if you have questions after your review of your ANOC and the plans available for 2022 in My Guided Medicare, please email us your questions so we can provide guidance. The deadline to request assistance is November 1, 2021 to ensure that we have time to help you.