Medicare Basics & Open Enrollment Info

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Description

An informational session to help you prepare for the Medicare Open Enrollment period, which ends on December 7. Presented by Pitkin County Senior Services and the State Health Insurance Assistance Program.

Contact Patty Kravitz at Pitkin County Senior Services with questions: 970-920-5432, [email protected]

Additional information:

What is Open Enrollment? Medicare Part D prescription drug plan costs can change a lot from year to year. You can review your plan during Open Enrollment between October 15 and December 7, to see if it is still the best and most affordable for you. Changes made during Open Enrollment will take effect on January 1.

This is also the time to get a Plan D if you do not have one. If you are 65+ and do not have any prescription drug coverage, you might have to pay a penalty for every year you were NOT enrolled in a drug plan. The penalty is added to your premium if you do not have qualifying prescription coverage for a period of time and then add coverage later in life. The longer you wait, the higher the penalty will be – for the rest of your life. Prescription needs can be very sudden, and very costly. Please take advantage of this time to enroll in Part D.

This open enrollment period may also be used to add a Medicare Advantage Plan if you don’t already have one. These plans are available with low or no premium, but do charge copays and have restrictions

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