Christian Simmons is a writer for RetireGuide and a member of the Association for Financial Counseling & Planning Education (AFCPE®). He covers Medicare and important retirement topics. Christian is a former winner of a Florida Society of News Editors journalism contest and has written professionally since 2016.
Lee Williams is a professional writer, editor and content strategist with 10 years of professional experience working for global and nationally recognized brands. He has contributed to Forbes, The Huffington Post, SUCCESS Magazine, AskMen.com, Electric Literature and The Wall Street Journal. His career also includes ghostwriting for Fortune 500 CEOs and published authors.
Our fact-checking process starts with vetting all sources to ensure they are authoritative and relevant. Then we verify the facts with original reports published by those sources, or we confirm the facts with qualified experts. For full transparency, we clearly identify our sources in a list at the bottom of each page.
Simmons, C. (2022, August 19). Medicare Open Enrollment Starts Oct. 15 — Are You Ready? RetireGuide.com. Retrieved September 30, 2022, from https://www.retireguide.com/news/medicare-open-enrollment-starts-oct-15/
Simmons, Christian. "Medicare Open Enrollment Starts Oct. 15 — Are You Ready?" RetireGuide.com, 19 Aug 2022, https://www.retireguide.com/news/medicare-open-enrollment-starts-oct-15/.
Simmons, Christian. "Medicare Open Enrollment Starts Oct. 15 — Are You Ready?" RetireGuide.com. Last modified August 19, 2022. https://www.retireguide.com/news/medicare-open-enrollment-starts-oct-15/.
Content created by RetireGuide and sponsored by our partners.
RetireGuide’s mission is to provide seniors with resources that will help them reach important financial decisions that affect their retirement. Our goal is to arm our readers with knowledge that will lead to a healthy and financially sound retirement.
We’re dedicated to providing thoroughly researched Medicare information that guides you toward making the best possible health decisions for you and your family.
RetireGuide LLC has partnerships with Senior Market Sales (SMS) and GoHealth.
Our partners are able to be reached through the phone numbers and/or forms provided on our website.
The content and tools created by RetireGuide adhere to strict Medicare and editorial guidelines to ensure quality and transparency.
While the experts from our partners are available to help you navigate various Medicare plans, RetireGuide retains complete editorial control over the information it publishes.
We operate independently from our partners, which allows the award-winning RetireGuide team to provide you with unbiased information.
Visitors can trust our inflexibility regarding our editorial autonomy. We do not allow our partnership to influence RetireGuide’s editorial content whatsoever.
Medicare Open Enrollment for coverage in 2022 starts Oct. 15 and ends Dec. 7.
The annual open enrollment period is an opportunity to evaluate whether your current plan remains your best option. You can add, drop or switch Medicare Advantage plans or prescription drug coverage to fit your needs. Any changes you make to your coverage will take effect Jan. 1.
Costs and coverage can change on an annual basis, so even beneficiaries who were satisfied with the benefits they received in 2021 are encouraged to use the open enrollment period to compare their current plan to other options.
RetireGuide published a free Medicare Open Enrollment Guide to help beneficiaries prepare for the process and better understand the options available to them. The guide includes information on types of Medicare plans, costs and how to prepare for the open enrollment period.
Need FREE Medicare Help?
Our Medicare experts will help you compare, build, and enroll in a plan that gets you the coverages you need at a price you can afford.
During the open enrollment period, Medicare beneficiaries can make changes to their coverage, including switching from Original Medicare to Medicare Advantage or adding a Part D prescription drug or Medigap plan.
Original Medicare includes Part A hospital coverage and Part B, which covers outpatient care and treatment. Medicare Advantage plans include that same coverage as well as additional benefits and perks.
Medicare Advantage plans can include coverage for vision, hearing and dental services as well as meal access, over-the-counter allowances and fitness plans. Many Medicare Advantage plans can also include Part D coverage.
For beneficiaries in a Medicare Advantage plan, an additional open enrollment period runs from Jan. 1 to March 31, during which time you can switch from one Medicare Advantage plan to another or go back to Original Medicare with or without a Medicare drug plan.
Changes to Medicare Costs in 2022
According to the U.S. Centers for Medicare & Medicaid Services, the average Medicare Advantage premium in 2022 will be $19, which is a drop from the $21.22 average of last year’s plans. The average monthly Part D premium, however, is on the rise from $31.47 in 2021 to $33 in 2022.
Each year, Medicare deductibles and premiums are adjusted according to the Social Security Act.
Medicare Deductibles and Premiums Over the Years
Part A Deductible
Part B Monthly Premium
Part B Annual Deductible
The Medicare Part A inpatient hospital deductible and the Medicare Part B monthly premiums and annual deductible increased in 2020 and again in 2021. CMS had not released the 2022 rates as of Oct. 12.
It’s important to be prepared when making your Medicare coverage choices. RetireGuide offers free resources to help you plan with confidence.
Compare different combinations of Original Medicare, Medicare Advantage plans, Medigap and Medicare Part D prescription drug plans to see how they work on their own or together to cover your health care costs. Learn about the factors that impact the amount a Medicare beneficiary pays for health care. And find additional articles about open enrollment, late enrollment penalties and common mistakes to avoid.
Calling this number connects you to one of our trusted partners.
If you're interested in help navigating your options, a representative will provide you with a free, no-obligation consultation.
Our partners are committed to excellent customer service. They can match you with a qualified professional for your unique objectives.
We/Our Partners do not offer every plan available in your area. Any information provided is limited to those plans offered in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.