The Senior Snippet
This Week's Editorial | 10/19/2016 |
By Erin LeBlanc
It's that time of year again ... Medicare Part D Open Enrollment.
Did you know that drug companies change the drugs they cover and the costs you pay from year to year?
All Medicare Part D companies reserve the right to change the drugs they cover as well as the cost of those drugs at the end of each year. What this means is that even if you are currently pleased with your Part D coverage, there is no promise your plan will be the same in the new year. In order to insure you have the best drug plan to save you the most money and keep your drugs on your plan's formulary, you are encouraged to compare drug companies each year during the Annual Election Period Oct. 15-Dec. 7.
If you or someone you care about is enrolled in a Medicare Part D plan, it’s important to know about the Open Enrollment Period, also Oct. 15-Dec. 7, and why you should do a comparison every year.
Medicare Part D insurance is the plan that helps pay for prescriptions for people who are eligible for Medicare. The total cost to fill prescriptions consists of any plan deductible, monthly premiums and any copays at the pharmacy.
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Editor’s note: Erin LeBlanc is the senior service coordinator for Phillips County and Medicare Part D specialist/SHIP counselor. Contact her at 970-854-2949.