3 Things That Might Happen if You Don't Make Changes During Medicare Open Enrollment
Now that we're a couple of weeks into Medicare's annual open enrollment period, it's time to get serious about exploring your coverage options for 2023. Some seniors don't take the time to look into different plans during open enrollment because they think the process is too confusing, or because they assume that the coverage they have already is most appropriate. But if you don't make a change during fall open enrollment, these consequences might ensue.
During open enrollment, you can switch from one Part D drug plan to another, or switch Medicare Advantage plans. If you don't make a change, you might end up bearing the cost of higher plan premiums in 2023 -- either because those that apply to your existing plan are rising, or because there's a less expensive alternative you didn't explore.
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Source Fool.com
