Betsy Chin from UnitedHealthcare Discusses the Medicare Annual Enrollment Period with YourUpdateTV

Core Insights - The Annual Enrollment Period for Medicare is from October 15 to December 7, 2025, with a record 4.18 million Americans turning 65 this year, leading to increased decisions regarding Medicare coverage [1][4] Enrollment Details - The Annual Enrollment Period allows current Medicare beneficiaries to make changes or select new plans, while first-time enrollees have a seven-month window tied to their 65th birthday [4] - Special enrollment periods may apply after certain life events, such as moving [4] Considerations for Beneficiaries - Medicare is not a one-size-fits-all solution; beneficiaries should review plan options, benefits, costs, and the Annual Notice of Change (ANOC) for updates [4] - Important factors include out-of-pocket costs, provider networks, prescription drug coverage, and additional benefits like dental, vision, and fitness programs [4] Types of Medicare Coverage - Original Medicare consists of Part A (hospital care) and Part B (doctor visits, outpatient services, preventive care) [4] - Medicare Advantage (Part C) combines Parts A and B into one plan offered by private insurers, often including prescription drug coverage and additional benefits [4] - Medicare Supplement (Medigap) helps cover out-of-pocket costs not paid by Original Medicare, while Part D provides prescription drug coverage [4] Plan Types - HMO plans focus on coordinated care within a network, generally offering lower out-of-pocket costs but requiring referrals to see specialists [4] - PPO plans offer more flexibility to see providers outside the network without requiring referrals, though members may incur higher costs [4] Prescription Drug Coverage - Original Medicare does not cover prescription drugs; coverage is available through a stand-alone Part D plan or as part of a Medicare Advantage plan that includes drug benefits [4] - Each plan has its own formulary, making it essential to review coverage annually [4]