The Annual Election Period is here– October 15 through December 7. This is when you can add or change your Prescription Drug or Medicare Advantage Plans for 2014.
Anthem Blue Cross is offering three drug plans in 2014: Standard, Plus & Gold Plans, and the premiums have decreased. The Standard Plan has a $310 deductible with basic formulary coverage for $30.20 per mo. The Plus Plan, no deductible, bigger formulary for $66.10. The Gold Plan, no deductible & a robust formulary at $108.80 per month (Higher income households could pay an additional premium surcharge). The Part D Drug Plan is optional but there is a penalty if you don’t participate.
Blue Shield is offering two drug plans in 2014: Basic Plan and Enhanced Plan. Basic Plan has $310 deductible with a lean formulary list at $42.80 per mo. Enhanced Plan has no deductible & a robust formulary at $74.40 per month.
Medicare Advantage Plans are available replacing Original Medicare and change every year.
Medicare Supplement Plans are written in connection with Medicare picking up the gaps in coverage, such as deductibles and co-pays.
Dental and Vision Plans are available too.
Seniors, you are NOT subject to Obamacare and all the health changes with the Affordable Care Act. Celebrate that one!