Open enrollment for the government's drug plan for seniors runs from Nov. 15 to Dec. 31. If you're 67 or older and don't currently have drug coverage, sign up as soon as you can do you do not get penalized a permanent penalty of 1% of your premium for every month you were eligible and didn't enroll. If you have a plan that covers your drug, be sure you get a letter if creditability, so if you decide to switch to the Medicare Part D Plan at a later date, you will not accrue the penalty for the years you chose not to participate. The average savings on drug costs is about 28%. If you're in good health now, simply choose the lowest-cost plan in your area; you should be able to find one with premiums of less than $10 a month. You can compare Medicare Plans in your area at www.medicare.gov/.
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