The annual Medicare open enrollment period is finally here, so now's the time to think about your health insurance needs for 2024. The federal government has made a number of changes to Original Medicare (Parts A and B), as well as Part D plans for the coming year, that could affect how much you pay out of pocket for your care. Here are seven of the most important changes to be aware of.

The Medicare Extra Help program helps low-income seniors pay for their prescription drug costs. In 2023, single adults with annual incomes less than $21,870 and resources worth less than $16,600 and married couples with annual incomes less than $29,580 and resources worth less than $33,249 qualify for this program.

Resources include money in bank and retirement accounts. But they don't include your home, one car, burial plots, up to $1,500 for burial expenses, furniture, or other household or personal items.

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Source Fool.com