Part D Enrollment Begins Today
Today, November 15, is the first day of Medicare Part D’s open enrollment period. The program won’t begin until January 1, however. If this is your first time looking into Medicare Part D, I recommend checking out the Medicare Part D Overview.
It’s a good thing that seniors have plenty of time to enroll in this program, because confusion still abounds. According to an article on Newday.com:
In New York, senior citizens have 46 plans to sort through. Premiums range from $4.10 to $85.02 a month. Annual deductibles run up to $250. Also, most plans contain the so-called “doughnut hole,” which requires you to pick up the full tab once your drug expenses reach $2,250 until they hit $5,100, when “catastrophic” coverage kicks in, covering 95 percent of the price.
Even more important than these costs are what drugs the plan covers and how much you’ll pay.