Current Medicare Beneficiaries
As a current Medicare beneficiary, you can make changes to your Medicare Advantage plan and Medicare prescription drug coverage every year during the annual Open Enrollment Period that takes place October 15th through December 7th. Outside of open enrollment you can only make changes under certain circumstances. For example, you change where you live, you lose your current coverage, or other special situations. These chances to make changes are called Special Enrollment Periods and are in addition to the regular enrollment periods that happen each year.
Medicare Costs at a Glance
Every year Medicare Part A and Part B premiums and deductibles may vary. Check out Medicare Costs at a Glance to get the breakdown of Part A and Part B costs, also known as original Medicare.
Monthly Premiums for Drug Plans
Most Medicare Prescription Drug Plans (Part D) charge a monthly fee that varies by plan. You pay this in addition to the Medicare Part B premium. Part D premiums vary by income and can also be effected by a late enrollment penalty which is an amount added to your Part D premium when you go without prescription drug coverage for any continuous period of 63 days or more after your Initial Enrollment Period is over. If you get Extra Help you don’t pay the late enrollment penalty.
Get Help Paying Costs
With the Medicare Savings Programs you can get help from your state paying your Medicare premiums, your Medicare Part A (hospital insurance) and Medicare Part B (medical insurance) deductibles, coinsurance, and copayments, and Medicare prescription drug coverage costs. You may qualify for the Qualified Medicare Beneficiary (QMB) Program, Specified Low-Income Medicare Beneficiary (SLMB) Program, Qualifying Individual (QI) Program, or Qualified Disabled and Working Individuals (QDWI) Program. It is important to call or fill out an application if you think you could qualify for savings - even if your income and resources are higher than the state limits. You may apply for these programs at any time.
You may qualify for Extra Help from Medicare to pay the costs of Medicare prescription drug coverage if you meet certain income and resource limits. If you have Medicaid, get help paying your Part B premiums (Medicare Savings Program), or get Supplemental Security Income (SSI) benefits, you automatically qualify for extra help. Apply for Extra Help Here!