Medicare Part D Open Season
~ By Monica Ochoa ~
Open season for Medicare Part D prescription drug coverage runs from October 15 to December 7. The Medicare Part D prescription drug program is available to all Medicare beneficiaries. Joining a Medicare prescription drug plan is voluntary and participants pay an additional monthly premium. If you are considering changing your plan, you might want to revisit the Application for Extra Help with Medicare Prescription Drug Plan Costs. If you have limited resources and income, you may also be eligible for Extra Help to pay monthly premiums, annual deductibles, and prescription co-payments. Extra Help is estimated to be worth about $4,000 per year. To find out more, visit www.socialsecurity.gov/prescriptionhelp. For more information about the Medicare prescription drug program itself, visit www.medicare.gov or call 1-800-MEDICARE (1-800-633-4227; TTY 1-877-486-2048).
Speaking of medical benefits, the open enrollment period for qualified health plans under the Affordable Care Act is November 15 to February 15. Learn more at www.healthcare.gov.