It's the beginning of a new season! And no, we're not talking about autumn. For eligible U.S. seniors enrolled or considering enrolling in Medicare, the time for enrollment and plan selection is upon us. Every year, Medicare Open Enrollment runs from Oct. 15 through Dec. 7. But before you jump in and start making changes, here's a quick refresher on the plans and process.
- If you're Medicare-eligible and already enrolled, the good news is that you don't need to do anything, unless you want to change your coverage.
- If you're currently enrolled and want to make changes, the open enrollment period is the best time to do it.
- As a currently enrolled member, you can also go to Medicare.gov, and check to confirm your plan.
- For a more detailed explanation of your options, you can read last year's What You Need to Know post.
The Medicare Prescription Drug Program, also known as Medicare Part D, gives older Americans access to the medicines they need to stay healthy. By adding additional prescription coverage, Part D can also decrease out-of-pocket costs for Medicare-enrolled patients.
Recent data from the Kaiser Family Foundation show adoption of Part D has increased from 52 percent of enrollees to 71 percent in the last 10 years. This is no surprise, because year after year, enrollees remain fans of Part D.
Medicare, and especially Part D, provide a reliable, affordable insurance coverage our seniors can trust. So, now it's time to click over and get started! You have until Dec. 7.