Open enrollment for Medicare Part D (Drug Plans) began this week. If you are eligible for Medicare Part D, and want to sign up for a plan or change your current plan, you should be sure to find the plan that works best for you.
Be sure to check out MedicareDrugPlans.com to compare and contrast plans; and don’t worry – plan ratings are completely objective, as we are not affiliated with any plan. In fact, the ratings are provided by people who actually use the plans, based on criteria like deductible, monthly premium, drug coverage, and customer service. Perhaps even more helpful than the ratings are the written reviews where Medicare Part D enrollees explain their experiences with plans, often expressing frustration with formularies that change mid-year, problems at the pharmacy using the plans, or copay issues. If you want to recommend (or steer people away from) a plan, make sure to leave a rating and review.
Once you’ve chosen a plan based on ratings and reviews, head to the government’s site, Medicare.gov to make sure the plan covers your medications, compare final costs and sign up for it. The average premium nationally is $53.55, which is down over a dollar than last year. The maximum drug deductible is $325, up $5 from last year
There are changes for enrollees who enter the coverage gap (“donut hole”) this year. While some plans do offer gap coverage for generics and brand name medication, most do not. However, once you enter the donut hole, you get a 50% discount on covered brand-name drugs, though the drug’s whole value will go towards closing the gap.
As open enrollment begins, Medicare enrollees interested in a drug plan are urged to research carefully. Whatever plan you choose will go into effect starting January 1st, 2013 and last for one full year – so get it right! Visit MedicareDrugPlans.com now!