Medicare open enrollment may help you cut health-care costs for next year. Here’s what to know

CNBC October 18, 2023
Lorie Konish

Key Points

– Medicare annual open enrollment lets you shop around for health and prescription drug coverage for the coming year.

– Experts say there’s even more reason this year to check whether your current plans provide the best coverage for you.

Medicare beneficiaries have until Dec. 7 to change their Medicare health and prescription drug coverage for the coming year through annual open enrollment.

This year, there’s even more reason to pay attention, as financial assistance for prescription drug coverage is set to expand starting Jan. 1, according to Meena Seshamani, director of the Center for Medicare at the Centers for Medicare and Medicaid Services.

“It is important for people to check and see if they could be eligible...

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