Helping Hand: Tips for Open Enrollment

With Medicare open enrollment upon us, it’s important that those of us 65 and older take the time to look at our current coverage and determine if it still meets our individual needs. Assessing our health plan is especially essential when it comes to our Medicare coverage. Each year, Medicare users are given the opportunity to alter their Medicare Part D plan from October 15^th to December 7^th. This is the only time we can make changes to our Part D coverage for the upcoming year – given the fact that your medicines may change from year-to-year this is especially important. Use these tips to assess your current prescription drug coverage and determine if it meets your needs!Know Your Current MedicationsMedications change often, and it’s important to have a full list of all of your current medications before you assess your Part D coverage. Making sure your current medications are covered is a great place to start when determining if your plan meets your health care needs.Review All CostsOften times when we consider our health care costs, we only consider our monthly premiums. Don’t forget that there are other costs associated with health care coverage, such as out-of-pocket cost sharing like copays or coinsurance. Check these factors to determine if they fit within your budget.Check Approved PharmaciesMost of us have a favorite pharmacy—make sure it’s included in your Part D coverage. To do so, check if your pharmacy is preferred under your plan’s network. This can help lower out-of-pocket costs.Assess Plan RatingsDid you know Part D plans are assessed by a five-star rating system? You can see how they are performing on specific features, such as customer service and patient safety. Be sure to check how your plan stacks up.Look for Other OptionsAfter you assess your plan, look into other options to see if there is a better fit for your personal needs. Use this Medicare Plan Finder to explore your options and compare plans here.If you have questions, visit your local Area Agency on Aging for assistance or visit our resource page. You’re not alone in your quest to get the best health care coverage!