Medicare Open Enrollment 2023 period runs October 15 to December 7 2022

Medicare Open Enrollment 2023 period runs October 15 to December 7 2022

September 28, 2022

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Medicare’s annual open enrollment period begins October 15 and ends December 7.

During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. Any changes to your plan will go into effect on January 1, 2023.

This is an opportunity to reassess your current coverage and identify potential areas for improvement. Maybe you’ve recently changed medication, find yourself underutilizing coverage, or are in need of additional benefits. Before open enrollment begins, you’ll receive a report outlining your current coverage. Review your elections carefully, especially if you haven’t updated coverage in the last few years. Medicare offers a Plan Finder tool to help compare other offerings if you’re considering making a switch. Your health insurance coverage in retirement should work to protect your financial well-being. I’m happy to help navigate new opportunities or plan changes during this upcoming open enrollment period. Feel free to reach out with any questions, or to schedule a meeting to talk.

If you’re like most of us, you’ve probably been thinking about your health quite a bit lately — especially if you’re approaching retirement.

Anticipating your future medical costs can feel daunting. When it comes to your health, Medicare may be an important part of your retirement strategy.

Age Matters

Outside of certain unique circumstances, Medicare has strict rules governing when you become eligible for the program.

In general, you can apply for Medicare:

  • As early as three months before the month you turn 65
  • During the month you turn 65
  • Up to three months after the month you turn 65

Secondary Coverage

If you’re actively working but meet the requirements above, Medicare can still be useful. That's because if you have insurance through your employer at the time you apply, Medicare can become your secondary insurance. If you are still working, be sure to check your company policy regarding the transition of employees to Medicare. No matter what you decide, you have choices regarding your healthcare expenses in retirement. As always, if you have any questions or want to chat about your options, please don't hesitate to reach out.

Additional Considerations 

How long has it been since you’ve reviewed your Medicare policy? With open enrollment fast approaching, there are a few questions you may want to ask yourself before you renew, add, drop, or switch coverage. Have you switched doctors, or is your doctor no longer accepting your current plan? Or maybe your prescription drug needs have changed, and your Medicare plan doesn’t cover everything you need. Maybe you’re paying too much for your coverage and need to make adjustments.

Source:, 2022. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.