It pays to check every year to make sure your Medicare Part D prescription drug plan (PDP) is right for you. Premiums go up. Your prescriptions may change. You might have your first experience with the doughnut hole coverage gap. Your plan might change its formulary. Any or all of these factors could be reasons to change. There is no penalty for switching plans, but you can only pick a new plan during the open enrollment period, from November 15 to December 31 each year. Your new plan will begin January 1.
Instructions
Making The Change
1. Go to the Medicare Part D prescription drug plan finder. (Res. 1.)
2. Enter your personal information from your Medicare card.
3. Enter and store your list of prescription drugs. Pay particular attention to dosage amounts and refill information.
4. Compare the plans identified by the PDP Finder. Pay extra attention to formulary and utilization details---such as prior authorization or step limit notations---as well as customer service ratings.
5. Select the plan you want and enroll online between November 15 and December 31, if necessary.
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