3 Changes to Medicare in 2018 That You Need to Know
Before you get too consumed with pumpkin spice everything and Halloween preparations, I want to remind everyone that one of the most important enrollment periods of the year is set to kick off in a week: The Medicare enrollment period begins on Oct. 15 and continues through Dec. 7.
Next to Social Security, Medicare might be the most important social program for seniors. Without it, many might struggle to pay their medical bills and receive medical care. Since medical care inflation (surgeries, prescription medicines, and even receiving care) has regularly outpaced Social Security's annual cost-of-living adjustment (COLA), it's not out of the question that Medicare could provide more in lifetime benefits to seniors than Social Security within the next couple of decades. Thus, enrolling in Medicare, or an alternative plan known as Medicare Advantage, for those 65 and up, and ensuring that you choose the right plan, is crucial to your financial and physical well-being.
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Source: Fool.com
