Medicare Coverage Changes - Medicare open enrollment starts on October 15th and ends on December 7th [6] - Individuals should not wait until the last minute to choose plans due to potential advisor overload [6] Cost Fluctuations - Some Medicare Advantage plan members will see monthly premium increase, for example, from $0 to $48 [2] - Hospital admission costs are increasing for the first 5 days [4] - Drug coverage deductibles are rising, for example, from $420 to $600 [4] Coverage Details - Some drugs are switching from flat co-payments to co-insurance, impacting predictability of costs [5] - Co-insurance requires paying a share (percentage) of the drug cost, which is typically higher than a flat co-pay [5] - Annual Notice of Change documents detail plan changes for Medicare Advantage members [2]