Do I need to renew my Medicare coverage each year?
Medicare Parts A and B automatically renew annually. Since benefits, providers, drug formularies and cost sharing can change every year, it is advisable to check if there are any changes that will affect your out of pocket expenses annually.
When can I change my Medicare if I don’t like my coverage?
If you choose to disenroll from Medicare Part A and/or B, you may receive a penalty when you reapply later on. If you have Original Medicare Parts A and B; you can add a Medicare Advantage (Part C), Medicare Prescription Drug (Part D) or a Medicare Supplement (Medigap) during specific enrollment periods. Below are some…