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Should You Get a New Medicare Part D Plan During Open Enrollment? Here's How to Know


Healthcare tends to be a significant expense for retirees. And for some seniors, the cost of medication can be exceptionally burdensome.

That's why it's so important to choose the right Medicare Part D plan. If you're enrolled in a Medicare Advantage plan, that plan should cover your prescription needs. But if you're enrolled in original Medicare (Parts A and B), you'll need separate drug coverage under Part D.

Meanwhile, Medicare's annual fall open enrollment period just kicked off on Oct. 15, and it will run all the way through Dec. 7. During this time, existing enrollees have the opportunity to make changes to their coverage. And you may want to make a change to your Part D plan if these circumstances apply to you.

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Source Fool.com


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