Monday, October 24, 2011

Need to make changes to your Medicare Prescription Drug (Part D) or Medicare Advantage coverage?

Now is the time to do it! The Annual Open Enrollment period began October 15th, and will end on December 7th. This is earlier than it has been in the past, and the only time you can switch prescription drug plans during the calendar year unless you qualify for a special enrollment opportunity. We strongly encourage you to take advantage of this opportunity to review your coverage choices and change plans if another option better suits your needs. If you are happy with your coverage, review any changes your plan intends to make for 2012 to make sure. Current enrollees should receive an Annual Notice of Change (ANOC) from their plan highlighting any scheduled changes to the premium and other out-of-pocket expenses for plan enrollees. The ANOC will also tell you if there will be any changes to the formulary scheduled for 2012. Copies of these notices may also be requested directly from the plan. Changes made to drug plans will be effective on January 1, 2012 and remain in effect for the year.

Be sure to share this information with family and friends that rely on a Medicare drug plan so they don’t miss the December 7th deadline. 

For additional information on Medicare, click here.

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