Original Medicare benefits do not change each year. However, the premiums, deductibles, and covered services may change each year.

New prices are generally released in October and reflect changes for the upcoming year. Also, if there is a change in covered services, you will receive notice in advance that Medicare will no longer provide coverage.

Medicare Advantage plan benefits do change every year. Thus, it is essential to review the changes to your plan each year during the Annual Enrollment Period. During this time, you do have the option to change your plan if you do not like the new changes for the year.

Any changes made during this enrollment period will be effective on January 1 of the upcoming year.

Medicare Supplement plans do not typically change yearly. However, the deductible and premium costs may differ each year.