It's that time of Year!
Open enrollment for Medicare Part D occurs every year from November 15 -December 31. All Part D beneficiaries are eligible to join, switch or drop their Medicare drug coverage during this period. Once this open enrollment period ends, most Medicare patients are locked into their current plan until the end of the year. New Medicare beneficiaries who “age in” to the Medicare program will of course be able to join a Part D plan when they become eligible, and people with limited income (those receiving Medicaid or SSI, or who applied and qualified for the Low-Income Subsidy) can change plans any time during the year.
Some patients who have limited incomes may still qualify for the Low-Income Subsidy, which can help them pay for Medicare Part D. Patients with annual income of less than $15,355 (individual) or $20,535 (family) should call Social Security at 800-772-1213 or visit their website to see if they qualify for this extra help, which covers a significant amount of the cost of the benefit.
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