"October is an important month for retirees because it's typically when Social Security announces its upcoming cost-of-living adjustment. But it's also important because October marks the start of Medicare open enrollment. During Medicare open enrollment, which runs from October 15 through December 7, current Medicare enrollees can make changes to their coverage. That could mean finding a new Part D drug plan or moving from one Medicare Advantage plan to another with better coverage and benefits."
"1. Start early There's a lot of information to digest during open enrollment. You need to figure out if your current Medicare plan is worth keeping and if not, what your next steps entail. Don't wait until November to get the ball rolling. Even though you have until December 7 to choose your coverage for 2026, waiting that long could mean having to rush through things."
October marks the start of Medicare open enrollment and the month when Social Security usually announces the cost-of-living adjustment. Open enrollment runs from October 15 through December 7 and allows current enrollees to change coverage, such as selecting a new Part D drug plan or switching Medicare Advantage plans. Begin planning early to avoid rushed, costly decisions. Review a current plan's annual notice of change to see 2026 premiums, deductibles, and copayments. If enrolled in Medicare Advantage, check the 2026 in-network provider list. Review current medications and consult doctors about options to manage medication costs.
Read at 24/7 Wall St.
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