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Attention Retirees: Big Medicare Deadline Coming Up
Since many seniors live mostly on Social Security with the average recipient collecting just $1,924 per month, it’s important to make sure that money goes as far as possible. Thus it pays to take advantage of Medicare’s annual open enrollment period. Each fall, seniors on Medicare get to explore different plan options and make changes to their existing coverage. It ends on Dec. 7. Possible reasons one may wish to switch plans include: Your medication needs have changed; Your medications are getting more expensive under your current plan; Your plan premiums or deductibles are going up; Your plan is dropping some of the benefits it currently offers; Your providers will no longer be in network after the end of the year. Full piece here.