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Terry Savage: What to know for Medicare open enrollment
Open enrollment lets Medicare users compare coverage and switch plans, with changes in costs and benefits expected for many enrollees.
Medicare open enrollment runs from October 15 through December 7, 2027, prompting beneficiaries to review their current health coverage as costs and plan benefits frequently change annually.
Participants choose between Original Medicare or Medicare Advantage , as each path offers distinct coverage structures that impact specific medical needs and out-of-pocket costs.
Medicare provides an online comparison tool at Medicare.gov to help users assess out-of-pocket maximums and specific medication costs across different plans before making enrollment decisions.
State Health Insurance Assistance Programs offer free, unbiased, personalized counseling for beneficiaries facing complex enrollment decisions or those uncertain about which coverage path suits their circumstances.
Missing the October 15 to December 7 deadline may result in late enrollment penalties, though special enrollment periods exist for exceptional circumstances like losing prior coverage.