Your Medicare plan worked perfectly well this year, so why bother changing anything for 2027? That assumption could become an expensive mistake for retirees who overlook changes to prescription drug coverage, provider networks, and out-of-pocket expenses. Even if your monthly premium stays the same, the amount you spend on medical care could look very different next year. With Medicare Open Enrollment already underway, millions of Americans have an opportunity to review their coverage before those changes take effect.
The average Medicare Advantage premium is projected to decline 16.5% in 2027, but individual plan costs and benefits can still change. Avoiding these seven Medicare Open Enrollment mistakes could help retirees protect their savings and prevent unpleasant surprises when they need medical care.
