In the News

Millions of Medicare Part D Enrollees Face Increases in Premiums and Other Costs in 2020 if They Do Not Switch Plans During Open Enrollment

November 20, 2019

Millions of current enrollees in stand-alone Medicare Part D prescription drug plans will face premium and other cost increases next year unless they switch to lower-cost plans during the open enrollment period that began Oct. 15 and ends on Dec. 7.

Even If You Have Medicare, You’ll Still Pay Thousands Out-Of-Pocket For Health Care

November 20, 2019

One of the biggest misconceptions seniors have about health care is this: I have Medicare so don’t need to worry about medical costs in old age. It is a dangerous mistake. Not only does traditional Medicare generally not pay for long-term supports and services (either at home or in a nursing home), but it doesn’t pay for a significant chunk of medical treatment. And while most seniors purchase Medicare Supplement (Medigap) insurance to top up their basic Medicare, even they may incur significant out of pocket health care costs.

5 Pitfalls to Avoid During Medicare Annual Enrollment

November 20, 2019

Medicare Annual Enrollment for 2020 coverage runs October 15, 2019 to December 7, 2019. It’s a good opportunity for people with Original Medicare to evaluate if a Medicare Advantage plan might be better and vice versa. It’s also important to double-check your Part D prescription drug coverage for 2020.

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