Slash Part D Premiums 2020 with This Genius Hack
The Genius Hack to Slash Your Premiums
One effective way to reduce your Part D premiums is to compare plans annually and switch if necessary. Each year, insurance providers adjust their plans, which means a plan that was cost-effective last year might not be the best option this year. By taking the time to search options and compare the available plans, you can find one that offers the coverage you need at a lower cost.
Many Medicare beneficiaries are unaware that they can switch plans during the annual enrollment period, which runs from October 15 to December 7. During this time, you can browse options and enroll in a plan that better fits your needs and budget. According to the Kaiser Family Foundation, only about 10% of beneficiaries switch plans annually, even though those who do often find better deals2.