In September, you should receive a letter from your Medicare Advantage or Part D carrier containing the Annual Notice of Change document. The Annual Notice of Change will inform you if your premium, copays, pharmacy networks, or drug formulary is changing in the upcoming year.
After reviewing the document, you may decide to stay on your current plan or search for a new policy that fits your needs better. Even if your current plan does not make drastic changes, it is helpful to review other options to ensure you are still on the best coverage for your needs.