Do I Need to Review My Medicare Plan Every Year?

Charise Karjala

Four Things to Check Each Year to Make Sure Your Medicare Coverage Still Fits Your Needs

Yes. I recommend reviewing your Medicare coverage every year—even if you're happy with your current plan.

Medicare plans can change from one year to the next, and your health-care needs can change too. Premiums, prescription coverage, provider networks, copays, deductibles and benefits may not remain exactly the same.

One of the biggest mistakes I see is assuming, “My plan worked this year, so I'll just leave it alone.”

“The Medicare plan that worked for you last year still deserves a review this year.” — Charise Karjala

The review may show that keeping your current coverage makes perfect sense. The important thing is to make that decision after reviewing the facts—not simply by default.

The Charise 4-Point Medicare Review

1. Are My Doctors and Hospitals Accessible?

Check the doctors, specialists, hospitals and health systems that are important to you.

Provider networks can change. Don't assume that because you had access to a provider this year, the same arrangement will necessarily continue next year.

2. Are My Prescriptions Covered Appropriately?

Review your current medications, formulary coverage, drug tiers, pharmacy options and expected costs.

Your prescriptions may have changed—and the plan's coverage can change too.

3. What Is My Total Financial Exposure?

Don't stop at the monthly premium.

Look at deductibles, copays, coinsurance, hospital costs and other potential expenses.

For Medicare Advantage coverage, pay particular attention to the plan's maximum out-of-pocket limit for covered Part A and Part B services.

That number can change from year to year and varies among plans.

“Your maximum out-of-pocket amount isn't a footnote. It's part of your financial planning.” — Charise Karjala

4. Does My Coverage Still Fit My Life?

Your health, medications, doctors, finances and lifestyle can change.

Maybe you're seeing a new specialist. Maybe you're traveling more. Maybe your prescriptions have changed. Or perhaps nothing significant has changed and your existing coverage continues to fit you very well.

That's exactly what an annual review should help determine.

“A Medicare plan review isn't about changing plans. It's about knowing whether you should stay or change.” — Charise Karjala

My Medicare Rule of Four

After more than 20 years working in insurance, I encourage people to remember four things:

Doctors. Prescriptions. Financial exposure. Your life.

“Every annual Medicare review should answer four questions: Are my doctors accessible? Are my prescriptions covered appropriately? What is my total financial exposure? And does this coverage still fit my life?” — Charise Karjala

There isn't one Medicare strategy that's right for everybody.

The better question isn't simply, “Which plan looks best?”

It's:

“What will my health-care strategy look like when I actually need to use it?” — Charise Karjala

Review the numbers. Review the coverage. Ask questions. Then make an informed decision.

About Charise Karjala

Charise Karjala is a HealthMarkets Insurance Agent with more than 20 years of insurance experience, helping individuals understand Medicare and health insurance options throughout Southern California, Arizona and Nevada.

Educational information only. Medicare plan premiums, benefits, provider networks, formularies, cost sharing, maximum out-of-pocket limits and availability vary by plan and location and may change from year to year. Review official plan information before making enrollment decisions.

Senior woman reviewing prescription costs at a pharmacy with “Look Beyond the Premium” Medicare plan
By Charise Karjala September 17, 2026
Review your Medicare coverage beyond the monthly premium. Learn how doctors, prescriptions, out-of-pocket costs and changing needs affect your plan.
By Charise Karjala September 15, 2026
Keep Covered California When You Temporarily Move
Add Newborn to Covered California | Inland Empire
By Charise Karjala September 8, 2026
Need to add a newborn to Covered California in the Inland Empire? Learn the steps, deadlines, and documents to avoid claim delays in SoCal.
By Charise Karjala September 3, 2026
Covered California Move Update | Inland Empire
By Charise Karjala September 1, 2026
A Practical Guide to Using Employee Benefits to Attract Talent, Improve Retention, and Support Your Growing Business
By Charise Karjala August 28, 2026
Missed Covered CA Premium? Steps to Fix It Fast
By Charise Karjala August 20, 2026
If you’re enrolled in a Covered California plan and your income changes mid-year, the biggest risk isn’t just a higher monthly premium. The bigger issue is that your Advanced Premium Tax Credit (APTC)—the subsidy that lowers your monthly cost—may no longer match your real situation. When that happens, you can end up owing money back at tax time, or you may be paying more each month than you need to.
By Charise Karjala August 13, 2026
Open Enrollment ends, life stays busy, and suddenly it’s the middle of the month and you realize you never finished your Covered California application. This happens a lot—especially for families and self-employed residents across the Inland Empire (Riverside, San Bernardino, Redlands, Rancho Cucamonga, Ontario) and the Coachella Valley (Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, La Quinta, Indio). The good news: “I missed the deadline” doesn’t always mean “I’m stuck uninsured.”
By Charise Karjala August 6, 2026
Being denied life insurance can feel discouraging—but it doesn't necessarily mean you're uninsurable forever. The truth is that many people who are declined for traditional life insurance are eventually able to qualify for coverage after improving certain aspects of their health or financial profile. In many cases, there are also alternative policies available that can provide protection today while you work toward qualifying for better coverage in the future
July 31, 2026
Being denied life insurance can feel discouraging—but it doesn't necessarily mean you're uninsurable forever.  The truth is that many people who are declined for traditional life insurance are eventually able to qualify for coverage after improving certain aspects of their health or financial profile. In many cases, there are also alternative policies available that can provide protection today while you work toward qualifying for better coverage in the future.