Now is the Time for a Medicare Rx Check-Up
The Medicare Annual Open Enrollment Period for prescription drug plans runs from November 15 through December 31, 2010. Medicare beneficiaries who want to make changes in their prescription drug coverage for 2011 will be able to make enrollment changes during this time.
Now is the time for beneficiaries to prepare and compare their health and prescription drug coverage options and choose the plan that best meets their needs. Beneficiaries should take time to compare their current plan with the new plan options available in 2011. If they are satisfied with their current plan and their current plan does not intend to significantly change coverage benefits, they do not need to do anything in order to maintain that coverage.
Beneficiaries are encouraged to review their prescriptions and other health needs when assessing the plan options described in the Medicare & You Handbook or on www.medicare.gov. Beneficiaries who feel they need assistance when reviewing the plan options should gather any Medicare or Social Security mailings they have received and contact the KIPDA State Health Insurance Program (SHIP) at 502-266-5571 or toll free at 888-737-3363.
People comfortable with navigating the internet should take advantage of the enhanced online Medicare Plan Finder options available on www.medicare.gov. This feature offers information on available drug plans, including out-of-pocket costs and pharmacy networks. The enhanced online Medicare Plan Finder tool enables beneficiaries to compare drug plan options for prescription drug plans and Medicare Advantage plans in their area.
The 2011 Medicare & You Handbook, usually mailed to beneficiaries in October and also available at www.medicare.gov, includes tips on selecting a plan and an overview of plan options. Beneficiaries already enrolled in a Part D plan will also receive an Annual Notice of Change describing any changes in the benefits of their current drug plan.
This is an important time for beneficiaries to review their current coverage and make a decision that will give them peace of mind for the rest of the year. We encourage everyone to make a decision by early December, to ensure a smooth transition into the Part D benefit for 2011.
Read on to learn about an affordable Medicare drug program for which you or a loved one may qualify.