Next Avenue: The pros and cons of Medicare vs. Medicare Advantage

by | Nov 13, 2023 | Stock Market

This article is reprinted by permission from It’s that season again. No, not for planning holiday meals or hauling decorations out of the basement. Medicare’s 2024 open enrollment period is in full swing until Dec. 7. If you are currently enrolled in any Medicare plan, this is your opportunity to update portions of your coverage or totally change it for the coming year.

While that may not seem as exciting as upcoming holiday festivities, taking the time to review your existing coverage and shop around for a better fit for your needs can pay off with lower costs and improved coverage. Also read: A new senior-housing project will tackle the ‘middle ground’ between living alone and needing a nursing homePurpose of open enrollment Here is a simple review of what you can and cannot do during the annual Medicare open enrollment period.
If you are currently enrolled in Original Medicare, you can change your Part D coverage or switch to a Medicare Advantage plan.

If you are in a Medicare Advantage plan, you can move to a different plan or switch to Original Medicare.

You cannot enroll in Medicare at this time. There is a 7-month window before and after your 65th birthday for initial enro …

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