How often do Medicare beneficiaries need to review their plan options?

Medicare beneficiaries are encouraged to review their plan options at least once a year during the Open Enrollment Period, which typically runs from October 15 to December 7 each year. This annual review is important because it allows beneficiaries to look for any changes in their current plan’s benefits, premiums, and coverage options. During this time, they can also compare different plans to ensure they are choosing the best one that meets their healthcare needs and financial situation for the coming year. This process helps beneficiaries make informed decisions about their healthcare coverage and can lead to better health outcomes and cost savings.