It’s that time again—enrollment in Part D

Yes, it’s that time again – grab your parents and loved ones, sit down with them and help them enroll in the Medicare Part D program.

Or if you’ve already enrolled, you may want to see if there are plans more convenient for your/your loved one’s situation (there are many more offerings this year). Many more companies are now starting to offer coverage through, what has been come to be known as, “the doughnut hole” which is the “portion of drug spending that the government-subsidized plans don't have to cover.” If you already have this coverage, it may be a good idea to review the other offering. Some, like Cigna, are lowering their premiums; others, like Humana, are increasing their premiums. Another important point the article in the Wall Street Journal, Medicare Drug Plans:The New Choices, pointed out is that even if you are satisfied with your coverage, you should still check your plan to make sure the drugs you thought you were being covered for, will still be covered. (For example, Humana has decided that brand name drugs will no longer be covered through the doughnut hole. If you were depending on this, you may want to consider other benefit managers).