Have you been seeing the commercial below a lot lately?
What is Medicare Open Enrollment?
It is open enrollment season for Medicare prescription drug (Part D) and Medicare Advantage Plans (Part C). The enrollment period runs from October 15th through December 7th and allows participants to make changes to their coverage for the coming year. (Download PDF: Understanding Medicare Enrollment Periods)
How does your current coverage compare?
A recent survey released by Medicare Today and KRC Research found that the majority of seniors are satisfied with their current coverage and only 1 in 3 plan to comparison shop for a new plan this year. However, the study also notes that most are not aware of the open enrollment period or the comparison tools available. (Download PDF of full report.)
Where do I begin?
Even if you are satisfied with your current coverage, it is a good idea to reevaluate your options every year to make sure it is still the best fit for you. You may even be able to save some money. Below are some tools to help with your shopping:
- The Medicare website offers a Plan Finder Tool to evaluate your options.
- The State Health Insurance Assistance Program
- The Medicare Rights Center (1-800-333-4114)
