5 Things You Should Know About Open Enrollment

Open Enrollment for Medicare Part D prescription drug coverage and Medicare Advantage plans has started!

1. Get an early start.
The open enrollment period has shifted this year to run Oct. 15 through Dec. 7. That’s an earlier start date AND an earlier end date. It’s a week longer, but don’t wait until the post-Thanksgiving rush to start thinking about your coverage for 2012. Consult with your local State Health Insurance Assistance Program (SHIP) or use the Medicare Plan Finder to get a head start in planning for the new year.

2. It pays to review your coverage.
Even if you’re happy with your current plan, it’s always a good idea to check out ALL your options. Remember: plans change, and people change. There’s no penalty for switching plans during Open Enrollment, but if don’t do it now, you may have to wait till fall of next year to change it! Many people with Medicare can save hundreds of dollars each year simply by comparison shopping to choose the plan that suits their needs best for next year. Start by reviewing what your current plan will offer in 2012, and see whether it still meets your current prescriptions and anticipated health service needs. Start with your Annual Notice of Change, which you should have received from your current plan in early October.

3. Remember the 4 C’s.
Cost, coverage, convenience, and customer service—these are the elements you’ll want to keep in mind when making your selection. What are your projected total costs going to be? Does the plan cover every drug you think you’ll need in 2012? Can you get your prescriptions at a location convenient to you (or by mail)? How do other clients rate the plan in terms of customer responsiveness? The Medicare Plan Finder and your local SHIP can help you answer these questions. 
 
4. Think about other savings as well.
Now’s a perfect time to also consider where else you may be eligible to save money. BenefitsCheckUp®, a free online screening tool from NCOA, allows users to see if they may qualify for additional benefits that help pay for prescription drugs, health care, and other household costs. Additionally, you can find local contacts to help you apply for the programs, and download application forms, where available.
 
5. Take advantage of free preventive services.
Medicare now has an array of free preventive services to help you stay healthy. Consult your Medicare & You 2012 handbook for a complete list of these benefits. Also, make sure you set up an appointment for your Annual Wellness Visit – deductible and cost-sharing free. Be one up on your health, each and every year with Medicare!