Medicare open enrollment starts today, but 7 in 10 Medicare beneficiaries say they don’t compare Medicare plans during this period, according to a 2021 analysis by KFF, a health policy nonprofit.
That’s not great, since Medicare Advantage plans — which operate much like the private insurance you may have had through an employer — change from year to year. One of your doctors may have fallen out of network or your prescription drug prices may have gone up. And people with Original Medicare should compare their Part D prescription drug coverage.
Here’s how to approach switching Medicare plans.
Take advantage of enrollment periods
If you have a Medicare plan, Medicare open enrollment from Oct. 15 to Dec. 7 is your opportunity to change coverage. You can switch from Original Medicare to Medicare Advantage, or vice versa, or enroll in or change Medicare Part D prescription drug plans.
If you have Medicare Advantage, you can also use Medicare Advantage open enrollment from Jan. 1 to…
This article was written by Kate Ashford, CSA® and originally published on www.nerdwallet.com