Retirement changes everything about your financial picture, including what types of insurance make sense. GOBankingRates asked ChatGPT to break down which insurance policies retirees actually need and which ones they can finally drop. Read More: Can You Write Off Your Home Insurance on Your Taxes? Explore More: These Cars May Seem Expensive, but They Rarely Need Repairs The artificial intelligence (AI) tool’s response focused on how insurance needs shift when your paycheck disappears and different risks em ...

You could find your Part D plan won’t cover certain prescriptions that it did in 2025 or will charge more for them, and might have a new or higher deductible. The pharmacy you frequent might no longer offer the lowest prices. Your Medicare Advantage plan could have different doctors and hospitals in its networks than this year, while prior-authorization rules to see specialists could get more restrictive and your out-of-pocket costs may get higher.Some updates in the Annual Notice of Change will be to Medic ...

ROBERTO SCHMIDT/AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Insurance companies are cautiously optimistic about the Trump administration’s policies for their industry: insurers saw their stocks soar in early April when the federal government announced a record 5.06% benchmark increase to Medicare Advantage plans. Must Read That is more than double the rate (2.23%) proposed by the Biden administration in January 2025, which was ...