Medicare Open Enrollment 2027: Premiums, Part D & the Advantage Plan Crisis (Part 1 of 3)

Medicare's Open Enrollment window (Oct 15–Dec 7) is quickly approaching, and Terry, Richard, and Pam kick off a three-part series with a simple but urgent message: even if you're happy with your coverage, you can't skip your review this year.

In this episode, they break down what's changing for 2027 — rising Part B premiums, IRMAA surcharges, Medigap and Part D premium hikes, the new Part D out-of-pocket cap, and a mounting crisis in Medicare Advantage as insurers like Humana pull back hundreds of thousands of plans nationwide. They explain why reading your Annual Notice of Change (ANOC) letter matters more than ever, and why switching from Medicare Advantage back to Original Medicare might not be so easy.

Coming up next: Part 2 brings in Medicare expert Diane Omdahl of 65 Incorporated to unpack Advantage and drug plan strategy, and Part 3 reveals trusted, no-sales-pitch resources for personalized help.

Links:

• A Medicare Question (Terry Savage)
• What to know for Medicare open enrollment (Terry Savage)
• IRMAA Help (Terry Savage)
• These are the 10 biggest retirement fears - and what you can do about them (Richard Eisenberg - MarketWatch)
• Get started with Medicare (gov)
• Find the plan that works for you (gov)
• Medicare Advantage in 2026: Enrollment Update and Key Trends (KFF)
• Health insurers are dumping Medicare Advantage plans. Here's how many seniors could be affected (Morningstar)

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