The Medicare Annual Enrollment Period (AEP) begins each October 15th and runs through December 7th.
During this time frame, you may enroll in a Medicare Advantage plan or change to a different plan.
Some enrollees might find it beneficial that some Medicare Advantage Plans may also include prescription drug coverage. This aspect could potentially add significant value to the plans.
Some of Humana’s Medicare Advantage Plans might incorporate extensive prescription drug coverage, likely making them a popular choice among consumers.
Choosing the Right Medicare Advantage Plan for You
Selecting the right Medicare Advantage Plan will likely involve understanding your personal health needs and available options. Consider how well these options might align with your individual healthcare requirements and preferences.
Medicare Advantage Plans may also cap annual out-of-pocket costs, which could provide a level of financial protection.
Evaluating Your Healthcare Needs
When evaluating your healthcare needs, consider which doctors you prefer, the medications you take, and the types of benefits you desire. Ensuring that your preferred pharmacies and other providers might be included in the plan’s in-network is crucial. Your primary care provider plays a vital role in this process.
Aetna’s plans could be particularly beneficial for dual-eligible beneficiaries, which might offer additional support for their needs.
Possible Budget Considerations
Monthly premiums for Medicare Advantage Plans may vary significantly, with some plans offering lower premiums compared to Original Medicare. Out-of-pocket costs might include copayments for services, coinsurance for procedures, and deductibles, which could vary by plan.
Costs for prescription drugs and drug costs may also be included in the plan’s premium, but may also involve separate copays or coinsurance depending on the formulary and pharmacy.
Enrollment Periods and Eligibility
Medicare Advantage Plans typically have specific enrollment periods, including an open enrollment window in the fall. Enrollment opportunities also include initial enrollment periods and specific times for switching plans.
Special enrollment period may allow individuals to enroll in Medicare Advantage Plans outside the standard open enrollment time frame.
How We Selected the Best Plans for 2026
Our methodology for selecting the best Medicare Advantage Plans for 2026 involved reviewing plans based on market presence, customer satisfaction, and the variety of plans offered. The CMS Star Ratings system, which ranges from 1 star (poor) to 5 stars (excellent), was also a critical factor in our selection process.
Plans achieving 4 stars or higher are eligible for quality ratings plan recommendations bonus payments from CMS, which may further incentivize high-quality offerings.
