AARP Medicare Rx Plan Enrollment Information
Open enrollment is between November 15th and December 31st of each year.
You will need to compare plans to see which will meet your individual needs. If you are currently an AARP Medicare Plan beneficiary, your membership will be renewed automatically; however, you may use the open enrollment period to make any needed changes to your plan.
How Do I Prepare for Enrollment?
First, you need to check to see if you qualify for financial assistance. Based on your income and resources, you may be eligible for assistance to help offset or completely pay additional out-of pocket expenses (costs not covered by your insurance plan). Pre-planning is important, and it may take up to eight weeks for financial assistance to be processed and approved. Don’t delay. You don’t want to miss the enrollment period (Nov 15 – Dec 31).
Next, you will need to gather all your information on health care or drug coverage you may have. You will also need to make a complete list of the names, dosage, and refill information for any prescription drugs you currently take. This information will help you to compare plans and make the best choice.
The final step is to compare several Medicare Part D Plans in your area. There are several things you should consider in order to accurately compare plans. You will need to find out what the monthly premiums are, and if there is a deductible. Also, ask the following questions: What is the company’s reputation? What drugs are covered? Is there a co-pay amount?
Once you have completed these steps, it is time to select the option that will provide you with the coverage you require, and enroll in the plan you have chosen. With the costs of prescription drugs on the rise, this program can help you get the medications you need when you need them.