Thursday, October 11, 2012

MEDICARE OPEN ENROLLMENT IS ABOUT TO BEGIN

The Medicare Open Enrollment Period for 2013 plans begins on October 15th and continues through December 7th.  This includes Open Enrollment for Medicare Part D—Medicare’s prescription drug coverage.  What does this mean for you?  If you have Medicare insurance, take time to compare plans and make sure that you have the best Medicare health and prescription drug plan for you.  You can either stay with your current plan or look for a new plan by comparing coverage options and costs.

Information is now available for all 2013 plan options.  You can compare Medicare plans here or by calling 1-800-MEDICARE (TTY 1-877-486-2048).

This year there are some changes to Medicare, including changes to preventive services and more help in the prescription drug coverage gap—the “donut hole.”  The changes to coverage in the “donut hole” are drops in the percentage you’ll pay for brand-name and generic drugs.  This year, you’ll pay 47.5% instead of 50% for brand-name drugs and 79% instead of 86% for generic drugs in the coverage gap.  

It is important to look over your plan carefully and participate in Medicare Open Enrollment from October 15th to December 7th.  This may be the only chance for you to make changes to your health and prescription drug coverage for 2013.  Please click here to visit the Medicare Open Enrollment website today!

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