FYI: Tips on getting your Medicare coverage right

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For the nation’s older residents, the stakes can’t be higher when it comes to choosing health-care coverage.

That’s partly because under Medicare — you’re eligible at age 65 — changing plans can be challenging in some circumstances and costly if you get your choices wrong. So whether you’re giving your coverage an annual checkup during open enrollment (Oct. 15 through Dec. 7) or signing up for the first time, financial advisors say there are some key considerations to factor into your decision-making.

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