57% of Medicare Enrollees Make This Dangerous Mistake
Seniors who enroll in Medicare aren't stuck with the same coverage for the rest of their lives. Rather, they're allowed to make changes to their coverage once a year during Medicare's open enrollment period, which runs from Oct. 15 through Dec. 7 annually.
But data from the Kaiser Family Foundation reveals that 57% of Medicare enrollees don't take advantage of this option by comparing their coverage choices annually. And older enrollees are even less likely to review their plan choices, with 66% of those 85 and older not taking advantage of open enrollment at all.
If you're on Medicare, it pays to look at your plan choices every year, even if you're happy with the coverage you already have. Doing so could save you a substantial amount of money and help ensure that you're able to afford the care you need to stay healthy.
Source Fool.com