What to Know for 2026
Navigating Medicare's Annual Election Period
By Steven Thomas Smith, Benefits Account Executive
As we enter the Medicare Annual Election Period (AEP), which runs from October 15 to December 7, it’s essential to understand the upcoming changes and how they may impact coverage decisions for 2026. Whether you’re currently enrolled in Medicare, helping employees navigate their options, or delaying enrollment while staying on employer-sponsored coverage, the insights from this article will help you to make informed choices.
Special Considerations: Employees
If you’re staying on your employer’s health plan past age 65, you may not need to act during AEP—but it’s smart to review your options each year.
Check Your Notice of Creditable Coverage: Your employer should provide this annually before October 15. It tells you whether your drug coverage is considered “creditable” compared to Medicare Part D. If it’s not, you may face penalties later.
Compare Your Options: Even if you’re not ready to switch, comparing Medicare and drug coverage options to your group plan may be worthwhile.
If you would like to review your options, call 800.860.1060 and ask to speak to a licensed insurance agent about Medicare plans
Special Considerations: Employers
If you offer group health coverage, you’re required to send a Notice of Creditable (or Non-Creditable) Coverage to any Medicare-eligible employees and dependents on the plan before October 15 each year. This helps them understand whether they need to enroll in Medicare Part D to avoid late enrollment penalties in the future
You should also send this notice:
• When the plan’s creditable status changes
• Before a Medicare-eligible individual joins the plan
• Before an individual starts their Medicare Initial Enrollment Period (IEP)
• Upon request
Medicare’s Annual Election Period is a chance to ensure your coverage still fits your needs. Whether you’re enrolled, delaying Medicare, or supporting employees through the process, staying informed is key.
Review your current plan for changes, and don’t hesitate to reach out for guidance. Our team is here to help you navigate the options and make confident decisions for 2026.
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