A common Medicare misconception is that once you sign up for your Part D prescription drug plan or a Medicare Advantage plan, you're all set. The reality is that you should have your plans reviewed annually during the Medicare Annual Election Period (October 15 through December 7). 

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Not only might your circumstances change - new prescription drugs, new health concerns, or a new doctor - but your plan can change each year as well. The perfect plan for you one year might not be your best option next year. That's why we advise all of our Part D and Medicare Advantage clients to have us review their current plan each year during the enrollment period to ensure they're still getting the best coverage. Not reviewing your plan can be an expensive mistake.