Considerations During Medicare’s Open Enrollment

How long has it been since you’ve reviewed your Medicare policy?

With open enrollment fast approaching, there are a few questions you may want to ask yourself before you renew, add, drop, or switch coverage.

Have you switched doctors, or is your doctor no longer accepting your current plan? Or maybe your prescription drug needs have changed, and your Medicare plan doesn’t cover everything you need. Maybe you’re paying too much for your coverage and need adjustments.

If you’ve reviewed your Medicare plan and realized you don’t quite have the coverage that you want, you can make changes during the fall open enrollment period. From October 15-December 7, 2024, you can add, drop, or switch Medicare plans. Any changes will be effective on January 1, 2025, as long as any changes are submitted by the deadline. [1]

Reviewing your Medicare coverage is an important part of your financial and insurance strategy. If you have any questions or need help navigating this process, your CCR financial professional is happy to help.