Are You Spending Too Much on Your Medicare Plan?

If you are paying top-dollar for your Medicare, it is just as important to review your coverage as it is to rebalance your investments. And because the federal health-benefits program for older adults and the disabled has started it’s annual open-enrollment period now through December 7, now is a great time to take a closer look at your coverage and costs.

However, few people do according to a Wall Street Journal article, Lowering Your Medicare Bill. Only 15% of 1,000 Medicare beneficiaries say they had changed their Medicare plans in the past year or plan to do any time soon.

For a chart listing the brackets and premiums in the Social Security Administration publication “Medicare Premiums: Rules for Higher-Income Beneficiaries” go to Social Security website.