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Mark Miller: Remaking Retirement

Medicare Enrollment Checklist

It's important for seniors to reshop their coverage every year--especially this year.


The nation's biggest Medicare prescription drug plan is boosting premiums an average 14% next year. But the third-largest plan will cut premiums about 9%. And premium changes for the top 10 drug plans will be all over the map, according to an analysis by consulting and research firm Avalere Health.

The widely divergent price moves underscore just how important it is for seniors to reshop their coverage every year during the annual Medicare enrollment season--especially this year. "This is a year of change," says Dan Mendelson, Avalere Health's CEO. "It's a year where patients really need to shop."

Mark Miller does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.