Open Enrollment Period is Approaching: The Medicare.Gov Plan Finder Tool

Open enrollment for Medicare Advantage and Medicare Part D runs from October 15 to December 7. If you are researching and comparing Medicare Part-D and Medicare Advantage plans, the Plan Finder is a helpful tool. It lists all of the plans available in your area, with details about the premiums, and personalized information about the out-of-pocket costs you’d pay specifically tailored for your drugs and dosages.

 What can you find out using the Plan Finder?
  • Get the total out-of-pocket costs, including premiums, deductibles and co-payments, you’d pay over the year under each plan. You might find out that a plan with a low premium and high co-pays for your drugs actually costs more over a year’s time than a plan with a higher premium and lower co-pays for the drugs you need.
  • The tool also shows whether a generic is available for any of your medications; whether the plan offers lower rates for using a mail-order or preferred pharmacy; and whether it imposes any restrictions, such as requiring prior authorization for certain drugs.
  • Just as you are planning for the Open Enrollment Period, you should plan for your future and for your loved ones. If you have a loved one who is already in a nursing home or nearing the need for nursing home care, call The Fairfax Medicaid Asset Protection Law Firm of Evan H. Farr, P.C. at 703-691-1888 to make an appointment for a consultation. 

P.S. Read today’s Ask the Expert for more details about Medicare’s Open Enrollment Period and the Affordable Care Act.

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About Evan H Farr, CELA, CAP

Evan H. Farr is a 4-time Best-Selling author in the field of Elder Law and Estate Planning. In addition to being one of approximately 500 Certified Elder Law Attorneys in the Country, Evan is one of approximately 100 members of the Council of Advanced Practitioners of the National Academy of Elder Law Attorneys and is a Charter Member of the Academy of Special Needs Planners.

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