The Annual Notice of Change is one of the most important Medicare documents you receive each year. It explains what will change in your current plan for the upcoming year, and reviewing it early can help you avoid surprises. With Annual Enrollment beginning October 15, this is the perfect time to make sure your coverage still fits your needs.

Below, we break down what to look for and how our team at Findlow Insurance helps Medicare clients across New Jersey stay confident and prepared.

Quick Summary: When your Annual Notice of Change arrives, review updates to your premiums, copays, deductibles, drug coverage, pharmacy network, provider network, and extra benefits. Consider whether any life changes mean your Medicare or Medigap needs have shifted. Contact our team early so we can help you evaluate your options before the October 15 enrollment window.

Review Any Cost Changes

Your Annual Notice of Change outlines how your monthly premium, copays, and deductibles will look next year. Even small cost adjustments can affect your budget, especially for seniors managing multiple prescriptions or doctor visits. We encourage you to compare these changes with your current needs to make sure the plan still makes financial sense.

Check Updates to Prescription Drug Coverage

If you have Medicare Part D or a Medicare Advantage plan with drug benefits, pay close attention to changes in the drug formulary. A medication you take may move to a different tier or require prior authorization next year. Make sure your prescriptions remain affordable and covered, and let us know if you need help understanding your formulary changes.

Look at Pharmacy Network Adjustments

Plans sometimes change which pharmacies are considered preferred or in network. If your usual pharmacy is no longer preferred, your out-of-pocket costs could increase. Your notice will highlight these updates so you can decide whether to switch pharmacies or explore other plan options.

Confirm Your Doctors and Providers Are Still Covered

Medicare Advantage plans may update their provider networks each year. Review your notice to make sure your primary doctor, specialists, and preferred hospitals remain in network. If any changes worry you, we can help you compare Medicare Advantage and Medicare Supplemental options to maintain access to the providers you trust.

Evaluate Changes to Extra Benefits

Many senior insurance plans now include additional features such as dental, vision, hearing, fitness, or transportation benefits. Your Annual Notice of Change explains whether these benefits will expand, stay the same, or be reduced. Reviewing them early helps you understand the full value of your plan as you consider your coverage for the year ahead.

Consider Whether Your Life Has Changed

Your medical needs, financial goals, and lifestyle can shift from year to year. A move, travel plans, new medications, or a change in household finances might mean your coverage needs have changed too. As part of our personalized New Jersey Medicare help, we can walk you through your options, including Medicare Advantage, Medigap, the PAAD Program, Life Insurance, Annuities, Long-Term Care Insurance, and Travel Medical Insurance such as GeoBlue.

Start Early for the October 15 Annual Enrollment Period

The earlier you review your notice, the easier it is to make informed decisions before the October 15 enrollment window opens. Our team is here to make the process simple, stress-free, and tailored to your needs.

If you’d like help reviewing your Annual Notice of Change or exploring fresh options for the upcoming year, call us at (732) 995-8694.