Summary
Open enrollment for Medicare starts on October 15 and ends on December 7. During this period, seniors can review and change their Medicare coverage for the next year. It's crucial because it can impact their coverage and costs.
Key Facts
- Medicare open enrollment runs from October 15 to December 7.
- Current enrollees can change their Medicare Advantage or Part D plans during this period.
- First-time enrollees have a different enrollment window around their 65th birthday.
- Changes made during this time affect costs like co-pays, premiums, and provider networks.
- In 2025, Medicare plans will have a $2,000 cap on out-of-pocket drug costs.
- Part B premiums and deductibles are expected to increase.
- Medicare Advantage plans are expanding extra benefits such as dental, vision, and hearing coverage.
- The Annual Notice of Change outlines updates in costs and coverage that members should review.
