Medicare Part D: Open Enrollment November 15, 2008

Open enrollment for 2009 Medicare Part D prescription drug coverage began November 15 and continues through December 31. Now is the time for senior citizens and people with disabilities to look at your current coverage, determine if it is working for you and peruse other plans to see if another one may be more cost effective for your particular needs. If you want to make a change, you can do it now and through the end of the year.

What is Medicare Part D?

Medicare Part D is the prescription drug benefit plan that private insurance plans provide. It is reimbursed by the federal government. There are many plans available through a variety of insurance companies. Not only can you make changes during this period of time, insurance companies can change their plans too. Some changes can include increasing the cost of premiums and how medications are covered. You will receive written notice from your current plan about how it will change in 2009. It’s important to review that information and keep it handy as you evaluate other options.

What Do I Need to DO?

Senior Citizen Journal online suggests you shop around. Take a look at the comparison tool available at www.medicare.gov. You can evaluate the plans available in your area of the country and compare cost of medications by tier, deductible, monthly premium and any items unique to each individual plan. As you look at these options, you can compare them with the information you have received about your current plan. You need to be informed about your options and the tool on the Medicare site is one of the best ways to obtain accurate information.

Remember, the election period is about six weeks long, and you must make any changes you decide upon before December 31, 2008. Senior Citizens and persons with disabilities may obtain personalized help from the Medicare web site phone numbers.