Medicare's annual Open Enrollment Period is a great opportunity for caregivers to evaluate their loved one's current health care coverage and see if there are any tweaks that need to be made. As always, it behooves you to do your research early.
Individuals enroll in Medicare during a period called “Initial Enrollment” that begins three months before the month they turn 65. During this time there are many decisions that need to be made.Take the time to explore the all coverage options under this program and how they work together.
One of the more important decisions faced by seniors during Medicare Open Enrollment is whether or not to switch their Medicare Part D plan. There are resources that caregivers and seniors can use to help decide which plan best fits their prescription drug needs.
Few seniors succeed in selecting the ideal Medicare prescription drug benefit plan (Part D). Seniors who find themselves in sub-optimal plans have the opportunity to save money during the annual Medicare Open Enrollment period.
Unrestricted changes to Medicare happen only once a year. During the Medicare Open Enrollment Period, October 15 to December 7, 2016, seniors can make changes to Medicare, Medicare Advantage and Part D prescription drug plans.