Spending some time to search for better Medicare coverage can cut your monthly expenses by hundreds of dollars next year, even though the program doesn't make it easy for retirees to find the best deals.
Open enrollment for Medicare started Oct. 15 and ends Dec. 7. If you are happy with your Medicare coverage, you can keep it. If you are enrolled in Part D, Medicare's drug coverage, or a Medicare Advantage plan, an alternative to traditional Medicare provided by private insurers, you can switch your insurance during this period.
"Everyone should double-check their coverage. Don't assume your coverage will stay the same," said Katy Votava, president of Goodcare.com, a health care consulting firm and author of "Making the Most of Medicare: A Guide for Baby Boomers."