Every year from October 15 through December 7, Medicare beneficiaries have the opportunity to review, compare, and change their coverage. This period—known as the Annual Enrollment Period (AEP)—is one of the most important windows of the year for anyone enrolled in Medicare

Prescription drug costs can be a major expense in retirement, and choosing the right Medicare Part D plan can help minimize those costs. With many plans available, it’s essential to understand how they work and what factors to consider when selecting one. Here’s a guide to making an informed choice.