Medicare Part D open enrollment: The importance of comparing plans for next year

Medicare Part D open enrollment began Nov. 15. Most people are happy with their current prescription drug plan and do not worry about comparing plans for the following year. However, every year available plans, premiums, formularies and other costs change. You may want to think about doing a plan comparison to see what options are available to you for 2010. Even if you are happy with your current plan and do not want to switch, it is important to take the time to understand any changes in your plan for the coming year.

Senior LinkAge Line staff are available to help you on the phone or in-person to compare plans, understand what your plan will look like in 2010 and provide assistance with filling out an application for Extra Help if you think you qualify.

Here are some important information that you should know for Medicare Part D Open Enrollment:

• Open enrollment runs from Nov. 15 through Dec. 31. Except for special situations, you will not be able to switch plans after Dec. 31 until Nov. 15, 2010.

• If you choose to enroll in a new plan, your new plan will start Jan. 1.

• Read all of your mail from Medicare and your current Prescription Drug or Medicare Advantage plan. These mailings will tell you what your premium and other out-of-pocket costs will be for the coming year, as well as any changes that are made to your benefits and formulary.

• If you do meet with an insurance agent, do not feel you have to sign anything until you are sure you want to enroll in the plan. If you have questions about the plan or would like to report questionable activity by an agent, call the Senior LinkAge Line.

• If you feel you may not be able to afford your plan premium or prescription drug out of pocket costs, you may be eligible for Extra Help. Help filling out your application for Extra Help is available through the Senior LinkAge Line.

Call the Senior LinkAge Line at (800) 333-2433 for help today so you know your plan will be there for you Jan. 1. The Health Care Choices booklet, with information on 2010 Prescription Drug and Medicare Advantage plans, will be available in late November. Call the Senior LinkAge Line for a copy or visit www.MinnesotaHelp.info.

(Source: Minnesota Board on Aging)