Open Enrollment Update

In September of last year, you were reminded of the open enrollment period for seniors to review their prescription drug coverage for 2023. In October you will be eligible to review your options for 2024.

If you currently have a Part D or Medicare Advantage plan, your company will be sending you 2024 information that will explain the benefits and rates for the coverage you had this year. This should arrive in late September.

My recommendation is that you review that packet to determine if it is to your advantage to remain with the plan you currently have or consider other options either with your existing company or consider another company's plan that would be more suitable for you. Do not assume the plan you had this year will be the most appropriate one for 2024.

Open enrollment begins October 15, however, you may actually start reviewing your options on the first day of October. Make sure you take advantage!

by Mark Post