There’s nothing easy about Medicare: So many choices and no salient way to make the best decision.

Open enrollment opens up the box for decision anxiety during Medicare’s open enrollment period, which ends December 7. You’ll be able to stay in the plan you have or jump to Medicare Advantage, which is Medicare’s managed care option.

But the choice you make shouldn’t be made solely based on the premium. See what you need and what’s best for you. According to, “Every year, many Medicare beneficiaries make mistakes during open enrollment that could cost them hundreds, if not thousands, of dollars a year.”

Louise Norris, a health policy analyst for, notes “Doing a little research during open enrollment can help ensure you don’t pay too much in premiums, or miss out on a plan that would lower your out-of-pocket costs at the pharmacy.” Here are some key tips in making a solid decision:

  • What’s changed? If your medical or financial situation changed over the past year, it’s likely your coverage needs have also changed. “You may need a plan that better fits your budget, and reviewing the available options for 2023 could reveal a plan that costs less but still meets your needs. Or, you may find you’re now willing and able to spend more for more robust coverage than your current plan provides. Medicare open enrollment provides the chance to make that change.”
  • Don’t just focus on the premium. “When comparing new Medicare coverage options, many enrollees will be looking for changes in plan premiums, but premiums shouldn’t be a consumer’s only focus. Along with premiums, you should also consider a plan’s out-of-pocket costs, including copayments, deductibles and coinsurance costs.”
  • Health care networks matter. “Along with premium changes, provider networks for these plans and prescription drug costs may also change, meaning your doctors and preferred pharmacy might not continue to be in-network with your current plan.
  • What drugs are you taking? “This is especially true when it comes to prescription drugs. You can use Medicare’s plan finder tool to see how each plan will cover any medications that you’re already taking.”

For more information on open enrollment, click here.


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