It’s Medicare Open Enrollment Time!
If you’re 65 or older, by now you should have received your annual installment of the official U.S. government Medicare handbook, Medicare & You 2023. Your mailbox is also probably full of Medicare-related flyers from insurance companies trying to win your business. The annual open enrollment period for Medicare started on October 15 and goes until December 7. It is the one time every year that Medicare beneficiaries have an opportunity to modify their Medicare coverage. During the open enrollment period, you can switch or add a Medicare Advantage plan, switch, or add a Part D prescription drug plan and, in some states, like Massachusetts, switch or add a Medigap plan. Any changes you make take effect January 1 of next year.