Medicare open enrollment starts now. These changes will arrive in 2027
Summary
Medicare open enrollment started on Thursday and will last until December 7. During this time, people can pick between traditional Medicare, Medicare Advantage plans, and prescription drug plans. Some changes to these plans will take effect on January 1, 2027.Key Facts
- Open enrollment for Medicare plans began on a Thursday and ends on December 7.
- People can choose traditional Medicare or Medicare Advantage plans in their area.
- Prescription drug plans are also available to select during this period.
- New changes to Medicare plans will start on January 1, 2027.
- These changes come at a time when inflation has increased healthcare costs for seniors.
- Cost of living is a major concern for voters as midterm elections approach.
- The Social Security cost-of-living adjustment (COLA) for 2027 has been announced but details are not in this article.
- Enrollment decisions now affect healthcare coverage and costs for the coming year.
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