Medicare Open Enrollment Period
Medicare Open Enrollment for 2026 runs from October 15 through December 7, giving beneficiaries a crucial window to review and change their coverage. During this period, you can switch from Original Medicare to a Medicare Advantage plan, change your Medicare Advantage plan, join or switch a Part D prescription drug plan, or return to Original Medicare from a Medicare Advantage plan.
Key Changes for 2026
Several significant changes affect Medicare beneficiaries in 2026. The Part B standard monthly premium has been adjusted, and the Part D coverage gap has been further minimized under provisions of the Inflation Reduction Act. The $2,000 annual out-of-pocket cap on prescription drugs, which took effect in 2025, continues to provide substantial savings for beneficiaries with high medication costs.
How to Choose the Right Plan
Start by listing your current medications, preferred doctors, and anticipated healthcare needs for the coming year. Use the Medicare Plan Finder tool at medicare.gov to compare costs including premiums, deductibles, copays, and total estimated annual costs. Pay special attention to whether your medications are covered and at what tier, as this can dramatically affect your overall costs. Consider Star Ratings as an indicator of plan quality and member satisfaction.