Review Your Annual Notice of Change Documents Promptly
Every autumn, your Medicare Advantage or Part D plan provider sends an Annual Notice of Change document detailing updates for the coming year. Read this document carefully to identify changes to monthly premiums, deductibles, copayments, and drug formularies. Pay close attention to stand-alone Part D plan pricing to determine if premium increases affect your monthly budget. Reviewing these changes early gives you time to explore alternate plans if necessary.
