Open Enrollment for Medicare is quickly approaching and there is a lot you should know in order to make the most of your money. Enrollment begins every year on Oct. 15 and runs through Dec.7. The changes you make are not set immediately, but will reflect at the beginning of 2016. Most people over the age of 65 take advantage of Medicare in order to pay for their health care. When applying, one must consider their own needs.
Being smart about your decisions is key with open enrollment because people underestimate how difficult it can actually be. With a number of different plan options, coverage and cost it is easily to slip up and end up in the wrong plan.
Understanding your own needs can also go a long way. When it comes to your health, a lot can change in a year's time and open enrollment is the best time to change your plan to fit your current health. Often, someone will choose a plan and later develop a health problem that is not covered. Being prepared can lead to a better decision and one that is stress free.