Medicare open enrollment 2020: Skipping this step, or rushing through, could cost you
from USA Today
About 60 million Medicare recipients have the chance to change their coverage during the health care service’s annual open enrollment season, which opened on Oct. 15 and closes on Dec. 7. But research indicates fewer than 4 in 10 seniors review their Medicare plan each year to find the best deal. That means millions of Medicare recipients may be making a costly mistake: The program’s open enrollment period represents the only time of the year when seniors can tweak their drug coverage, says Diane Omdahl, the chief executive and founder of 65 Inc., which provides fee-based Medicare advice to seniors. Skipping the process, or rushing through it, can mean losing out on savings or choosing a plan that doesn’t cover your prescriptions, she adds.
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