Fall Open Enrollment Period Will Take Place Between October 15-December 7
Since plans change their benefit packages each year, it’s prudent to check your coverage at this time. If you have Original Medicare you have the option of keeping Original Medicare or switching to a new Part D stand-alone plan. You can also switch to Medicare Advantage if you want a private plan.
In order to help everyone review coverage choices, Medicare has a Plan Finder too here.
You may also call 1-800-MEDICARE and it’s best to enroll in a plan by calling 1-800-MEDICARE as opposed to calling the carrier’s phone number.
Since there is a great deal to navigate, State Health Insurance Assistance Programs (SHIP) can help. You can find your local State Health Insurance Assistance Program here.
Medicare Reminder from our partners at Medicare Watch:
If you belong to a Medicare Part D plan but cannot afford your medications under this coverage—whether or not you have Extra Help (federal assistance that helps with the costs of the Medicare drug benefit) or get help from a state prescription assistance program—there are a few options that might help, especially during your Part D plan’s coverage gap (“doughnut hole”):
– If you have Extra Help, find out if your drug plan has a mail-order option. Because you have Extra Help, you may be able to receive a 90-day supply of mail-order medications and pay the same amount you would pay at the pharmacy counter for a 30-day supply.
– Request that your plan put your drug in a lower “cost tier” for you. To do so you will have to have your doctor submit a formal request to your plan to ask for an “exception” to the formulary.
– Some pharmacies and hospitals will waive copays for people with low incomes. Talk to your pharmacist or hospital about your financial situation and see if they will help.
– Some states, such as New York, offer pharmaceutical assistance programs called “SPAPs” that help their members pay the out-of-pocket costs of a Medicare Part D drug plan.
The Medicare Interactive has more info:
Remember the basics:
Fall Open Enrollment Period Will Take Place Between October 15-December 7.
Medicare Fall Open Enrollment occurs from October 15 to December 7 of every year and is the time of year when people with Medicare can make unrestricted changes to their coverage options.
During the Fall Open Enrollment Period, everyone with Medicare coverage has the right to to make new choices and change plans as often as desired. The final change they make on or before December 7, 2015 will be the choice and will be in effect on January 1, 2016.
The 2016 plans are now available to review and compare. You can join a plan starting October 15, 2015 through December 7, 2015.
Find more info here.
You have the option to complete a general or personalized plan search. A personalized search may provide you with more accurate cost estimates and coverage information. To begin your plan search, please choose from one of these options below.
Important Updates for 2016
Part B premiums may increase for some.
The standard Part B Premium is expected to remain stable for 70 percent of Medicare beneficiaries at $104.90 per month, however, it may increase to $159.30 per month for the remaining 30 percent. This group includes people who enroll in Medicare during 2016 and people who do not collect Social Security benefits. Also affected by this increase are beneficiaries who pay a higher, income-related premium based on their income. [Source: Medicare Trustees report]