Ever since Medicare Part D began covering prescription drugs in 2006, beneficiaries have been frustrated by surprise costs. Well, to be fair, folks were SO glad to finally have prescription drug coverage at first that there was more happiness than frustration. Up until that point, most Medicare beneficiaries had to pay out of pocket for all their medications. So Part D coverage was a huge step forward. But over the
It’s the annual open enrollment season for Medicare once again! Open enrollment started Tuesday, October 15th and runs through December 7th. If you’re a Medicare beneficiary, you have the opportunity now to review your current coverage and consider other options. Any changes you make will be effective January 1, 2025, and if you do nothing your current coverage will remain in place. Although you may be eligible to change both your
Medicare and the Health Insurance Marketplace both have an annual open enrollment period. They usually run at about the same time, though with slightly different start and end dates. This year, the Medicare open enrollment period started last week. It runs through December 7th, and new policies will be effective January 1, 2022. If you’re signing up for insurance through the Affordable Care Act (ACA) Health Insurance Marketplace, open enrollment