As fall approaches, so does an important time for Medicare beneficiaries: the Annual Election Period (AEP). Here are the key Medicare updates you should know about for 2026.

Annual Notice of Change (ANOC)

Insurance carriers will soon mail their Annual Notices of Change (ANOC). This letter outlines adjustments to your premiums, co-pays, and benefits for the upcoming year. It’s important to review this document carefully so you can decide whether your current Medicare plan still meets your needs.

Medicare Advantage Plan Exits in North Carolina

Some Medicare Advantage plans will end coverage on December 31, 2025 in several North Carolina counties, including Wake, Cumberland, and Chatham.

What this means for affected members: If your plan is ending, you’ll have a guaranteed right to enroll in a Medigap plan without health underwriting. This gives you added protection and options for your future Medicare coverage.

Medicare Part D Deductible Increase

In 2026, the maximum allowable Part D deductible will rise to $615. This could increase your out-of-pocket costs for prescription drugs depending on the plan you select.

Why Are Medicare Benefits Changing?

Several factors are contributing to today’s Medicare plan changes:

• COVID-19 surgical backlogs have driven up healthcare system costs.
• The 2024 Social Security data breach created delays and higher administrative expenses.
• The Inflation Reduction Act (IRA) capped prescription drug costs for beneficiaries, shifting more financial responsibility to insurance carriers.

We’re Here to Help

Medicare changes can feel overwhelming, but you don’t have to navigate them alone. Our licensed insurance agents are ready to review your options and make sure you’re prepared for AEP.

Schedule your Medicare insurance review today so you’re confident heading into this season of change.