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Even If You Already Have Medicare, Don’t You Dare Skip Open Enrollment

November 13, 2021

From the Kiplinger website

Medicare Open Enrollment is here! It’s your chance to review your coverage and see if you can save money next year. This is the period when you can make changes to your health care coverage that best suit your needs. While it’s common for seniors to assume they’re fine to keep the same coverage each year, this can be a costly mistake.

Each year, from October 15 until December 7, enrollees can:

Switch to an Advantage Plan from original Medicare (Part A hospital coverage and Part B outpatient coverage);

Switch to original Medicare from an Advantage Plan;

Move from one Advantage Plan to another;

Move from one prescription drug plan (Part D) to another, or purchase one if you did not when first eligible (although you could face a penalty for late enrollment).

According to the Centers for Medicare and Medicaid Services, there are 63.3 million people enrolled in Medicare as of July 2021. 

So you may be thinking if you are already enrolled in Medicare, why bother with Open Enrollment?

From → Health & Safety

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