Certain retirees can now change their health coverage during Medicare Advantage open enrollment, which runs until March 31.
Medicare Advantage is health coverage provided through private companies that are paid by Medicare to cover your benefits.
If you're already on a Medicare Advantage plan, you can take advantage of the open enrollment period to switch to another Medicare Advantage plan or drop your Medicare Advantage plan and switch to original Medicare and perhaps also a separate Medicare drug plan.
However, those enrolled in Medicare Advantage may need lower savings targets, the research found.
Medicare open enrollment periods can be an opportunity to identify potential ways to save.
Persons:
Carolyn McClanahan, McClanahan
Organizations:
Medicare, Finance, Social Security, Research Institute, Planning Partners, CNBC FA
Locations:
Jacksonville , Florida