Every fall, you have an opportunity to review your Medicare coverage during the open enrollment season that runs from Oct. 15 through Dec. 7.

This is the only chance most enrollees get to switch between original fee-for-service Medicare and Medicare Advantage, the all-in-one managed care alternative to the traditional program. You also can re-evaluate your prescription drug coverage — whether that is a stand-alone Part D plan, or wrapped into an Advantage plan. It’s a good opportunity to make sure you’re getting the coverage best suited to your health care needs, and perhaps to save some money on premiums and other out-of-pocket costs.

Joining me this week on the podcast this week to discuss fall enrollment is one of the nation’s top Medicare consumer advocates – Frederic Riccardi, president of the Medicare Rights Center. I asked Fred to talk about why the fall enrollment is so important for Medicare enrollees, how to reevaluate your prescription drug or Medicare Advantage coverage and the recent trends in plan offerings. I also got Fred’s tip on the smartest way to select coverage.

Click here to listen to the podcast.