Why You Should Review Your Medicare Part D Plan Annually

Enrollment for Medicare Part D (prescription drug coverage) is currently taking place and running through December 7th, and while it might seem quicker and easier to stick with what you currently have, there are numerous reasons to review your plan and compare it to others. Your overall health and plan specifics can change each year, so putting in the extra research can potentially reduce your out-of-pocket expenses by a significant amount. 

Here are some tips for this enrollment period. 

Medicare Part D Enrollment Tips

• Don’t wait until the last minute. While most people have a tendency to procrastinate things like this until the deadline (December 7th), thoroughly comparing Part D plans can take some time. There are plenty of available resources to help you make sense of Part D coverage (including us!), so give yourself time to take advantage of these cost-saving opportunities. 
• Review your plan. Part D plans change every year. Just because your medications were previously covered, doesn’t mean they will continue to be covered. Before enrolling or re-enrolling in a plan, make sure it meets your needs and covers services important to you, such as home delivery. 
• Look at more than premiums. While lower premiums might save you money upfront, these plans can also come with significantly higher copayments. Lower premiums might end up costing you more over the course of the year. 
• Consult an expert. Medicare agents fully understand Medicare Part D and the different plans available. Consultations are always free, and utilizing an agent does not cost you anything.

For help making an informed decision about Medicare Part D coverage, contact Crumes Insurance today!