Medicare open enrollment runs through December 7, and it is a good time for beneficiaries to make sure they are satisfied with their Medicare Part D prescription drug coverage. During open enrollment, people on Medicare can shop around for Part D plans and the optional Medicare Advantage plans.<\/p>\n
If a beneficiary’s health or prescriptions for medication have changed in the past year, then it might be a good idea to compare plans. It also may be that the plan itself is what has changed: many plans have increased premiums or copayments or changed the pricing tiers for prescription medication. If an insurer moves drugs from one pricing tier to another, that can have a significant effect on one’s out-of-pocket costs.<\/p>\n
Some insurers have up to five different tiers of prescription drug pricing, and if a medication moves from a preferred to a non-preferred or specialty drug, the patient may have to pay up (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Medicare open enrollment runs through December 7, and it is a good time for beneficiaries to make sure they are satisfied with their Medicare Part D prescription drug coverage. During open enrollment, people on Medicare can shop around for Part…<\/span><\/p>\n