Seniors facing bigger pricetags as Medicare enrollment opens

Open enrollment for Medicare plans starts later this week, with some seniors expected to pay more for the federal healthcare program next year.

The Medicare open enrollment period starts Thursday and runs until Dec. 7. It is the only opportunity that Medicare beneficiaries get to change their plans and comes as premiums are expected to rise for certain seniors.

Even though re-enrollment happens automatically, some Medicare plans change their costs and benefits every year. That makes reviewing a plan incredibly important, according to senior advocacy group AARP.

Insurers had to give seniors information on plan changes by the end of last month, the group said.