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|Q1Medicare Reminder: The 2017 Medicare Part D annual Open Enrollment Period Begins Today, October 15th|
|Published on 2016-10-15 12:47:19||Category: Enrollment Topics|
|The 2017 Medicare Part D and Medicare Advantage
plan annual Open Enrollment Period (or Annual Coordinated Election Period - AEP) begins today, October 15th and continues through December 7th. During the next seven weeks,
you will have the opportunity to add, change, or cancel your Medicare Advantage
plan (MA or MAPD) or Medicare Part D prescription drug plan (PDP).|
If you are
satisfied with your current 2016 Medicare Part D plan or Medicare Advantage
plan coverage – and you understand how your Medicare plan is changing in 2017 - you do not need
to do anything and you will be automatically re-enrolled into your Medicare
plan along with any changes your plan may have made for 2017.
However, as a note of caution … if your current 2016 Medicare plan is
being discontinued or not offered in 2017, you may not have 2017
Medicare plan coverage – unless you enroll in a new plan. On the other
hand, some 2016 Medicare plans will be consolidated and 2016 plan members are
being automatically “crosswalked” or merged into a different 2017 Medicare plan
– with potentially different plan coverage. Be sure to review your plan’s
Annual Notice of Change letter to learn more about your 2017 Medicare plan
coverage. You can click here to see our article for examples
of 2017 Medicare plan reassignments and mergers.
Compare 2017 Medicare plans by drug coverage and costs.
We have three different tools available to check
coverage of your prescription drugs:
Review all 2017 Medicare Part D prescription drug plans in your area.
- We offer our 2017 Formulary Browser
that allows you to browse through all 2017 Medicare prescription drug plan
formularies or drug lists. You can click on the cost-sharing values of
any medication to see the costs difference between using a preferred network
pharmacy or a standard (non-preferred) network pharmacy. (Please note, as
in the past, we currently are not showing any 2017 formulary information for sanctioned Medicare Part D plans. We will
update our Formulary Browser when CMS releases this formulary information.)
- We also have our 2017 Drug Finder
online (Q1Rx.com) allowing you to quickly see how all
Medicare Part D or Medicare Advantage plans in your area are covering a
particular prescription drug. Our Drug Finder details include average
negotiated retail drug prices and usage management restrictions (such as
Quantity Limits or Prior Authorization requirements).
- Our 2017 Long-Term Care (LTC) Drug Finder (Q1Rx.com/LTC is also online and provides a simple way to compare drug usage management restrictions for the top LTC medications found on Low-Income Subsidy (LIS) $0 premium Medicare Part D plans along with Institutional Medicare Advantage Special Needs Plans (SNPs). You can click here to see an example for Pennsylvania.
If you wish to see an overview of all stand-alone 2017 Medicare Part D
prescription drug plans (PDPs) offered in your state, then you can use our PDP-Finder. We provide a unique collection of prescription drug plan details including information on: drug tier co-payments, initial
deductibles, monthly premiums, Part D plan IDs, Donut Hole or Gap coverage, formulary size, and Medicare plan quality star ratings. Click on the plan name or “Benefits & Contact Info” for more information
about the specific Medicare PDP.
To start, you can click here for an example of our PDP-Finder showing all 2017 Florida
Medicare Part D plans with a $0 initial deductible.
Review all 2017 Medicare Advantage plans in your area.
Medicare Advantage plans combine your Medicare hospitalization coverage
(Medicare Part A), out-patient coverage (Medicare Part B) - and may provide
your Medicare prescription drug coverage (Medicare Part D), dental, vision, and
fitness center coverage. In some areas, Medicare Advantage plans with
prescription drug coverage are offered with a $0 monthly premium and a $0
You can use our 2017 MA-Finder for searching and comparing all Medicare Advantage
plans across the country by plan features. Since Medicare Advantage plans
are offered on a county-by-county basis, begin by entering your ZIP code.
Click on the “Benefits & Contact Info” button for more
information about a specific Medicare Advantage plan.
You can click here for an example of $0 premium Medicare Advantage plans
that include prescription drug coverage (MAPDs) in New York, NY – just change
the ZIP code to see the plans in your area. (Please note, CMS did not
release the 2017 Medicare Advantage plan health benefit details this year and
we are working to find an alternative source to bring you this information.)
See how your 2016
Medicare Part D plan or Medicare Advantage plan is changing in 2017.
Changes to your
existing 2016 Medicare Advantage plan or Medicare Part D prescription drug plan
coverage were explained in your Annual Notice of Change (ANOC) letter that you
should have received from your current Medicare plan. However, if you
would like a quick overview of how any current Medicare plan is changing in
2017, please use our 2016/2017 Medicare Part D plan comparison tool, PDP-Compare or use our 2016/2017 Medicare Advantage plan comparison tool, MA-Compare. You will also see the Medicare Part D
plans or Medicare Advantage plans merged, discontinued, or introduced in 2017.
If you are unsure where to begin, you can click here for an example of a 2016/2017 Texas Medicare Part D plan
Review Medicare Part D plans qualifying for the Low-Income Subsidy $0
Our PDP-Finder also offers information for Medicare beneficiaries
qualifying for financial Extra-Help and may be particularly helpful to
advocates and nursing homes. If you are just seeking Medicare Part D
plans that have monthly premiums completely covered by your state’s Low-Income
Subsidy, you can narrow your plan search by choosing “Yes, show only plans that
qualify for the $0 Premium” option. Click the link for an example of all 2017 Part D plans in California qualifying for the LIS $0
In both our Medicare Part D and Medicare Advantage Plan Finders, you can also
choose the “LIS Subsidy Amount” and the monthly Medicare plan premiums will be
adjusted based on your selected level of Extra Help.
If you are ready to enroll in a new 2017 Medicare plan . . .
If you have already reviewed your 2017 Medicare plan options and are ready
to enroll in a new Medicare plan, you can call 1-800-MEDICARE (1-800-633-4227)
(TTY 1-877-486-2048) and enroll directly through a Medicare representative. The Medicare
representative can process your enrollment into any Medicare Part D or Medicare
Advantage plan directly over the telephone and the process only takes a few
minutes. Be sure to record and keep your enrollment confirmation code in
a safe place.
If you decide to
change Medicare plans, you do not need to disenroll from your existing
2016 plan when joining your new 2017 Medicare plan -- your newly chosen 2017
plan will automatically contact your 2016 plan and handle the enrollment
Finally, remember there is no need to rush into a decision.
You have plenty of time to choose a 2017 Medicare Part D or Medicare
Advantage plan. Again, if you need assistance, please contact a local
advocate or call a Medicare representative at 1-800-Medicare (1-800-633-4227)
(TTY 1-877-486-2048) for assistance.
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||Article 6 of 19 in this Category