10. ANSWER: True.
This is true. Medicare Part D prescription drug plans can be changed during the Open Enrollment period from Oct. 15 to Dec. 7. Medicare Part D prescription drug plans can change the covered medications from time to time, so it is critical each year to make sure that the plan you’re on still covers your prescription drugs for the following year.
It is also a time that you can shop for a more cost-effective plan. Medicare Advantage plans (which in some cases cover prescription drugs) can also be changed each year during the Open Enrollment period.
|For more news you can use to help guide your financial life, visit our Insights page.|