(StatePoint) You likely hear the same word of advice every fall: review your Medicare Part D plan. While you may be tempted to stick with what you have, it’s important to remember that plan specifics change annually, your health needs are always evolving, and as this year has shown, unexpected global events can impact your health and finances. For all these reasons, doing your homework is not only important, it has the power to substantially reduce your out-of-pocket costs.
“Reviewing your Medicare Part D options is the best way to ensure your prescription needs are met affordably in the coming year,” says Kelle Turner, Express Scripts Medicare Part D expert. “COVID-19 has highlighted how having the right coverage is critical to helping you stay safe and healthy.”
To help those turning 65 and older make sense of their options, Turner offers the following tips:
Factor in how the COVID-19 landscape has potentially impacted your selection process. With many in-person resources (e.g., local Medicare workshops, working with a broker or agent, etc.) being conducted virtually or requiring advance scheduling this year, you can get ahead of the game by starting early.
One good resource to check out is RoadmapForMedicare.com, a free access website now offering short educational videos, recorded webinars and articles with tips to select the plan that’s best for you. The site also features FAQs and expert advice so you can better assess your options.
Take a closer look at your Medicare Part D choices. In these uncertain times, it is particularly important to be prepared to weather whatever comes your way. (StatePoint)