Sometime this month, an envelope from your Medicare plan will land in your mailbox. It’s thick. It’s dull. And most people toss it on the pile with the catalogs.
That’s a mistake that can cost you real money — hundreds, sometimes thousands of dollars — and you won’t find out until you’re checking out at the pharmacy counter in January.
The envelope is your Annual Notice of Change, or ANOC. If you’re in a Medicare Advantage plan or a stand-alone Part D drug plan, Medicare requires your insurer to send you one every September, spelling out exactly what’s changing in your coverage and your costs for the coming year.
Here’s the problem. Insurers…
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