Medicare Helps Seniors in Open Enrollment By Highlighting Five Star Plans
Period for changing Medicare plans open until Dec. 7; Affordable Care Act has saved seniors $1.2 billion on drugs this
Nov. 7, 2011 - Senior citizens should be checking on the opportunities for changing to a Medicare drug or health plan
that better meets their needs for 2012 during this annual Open Enrollment Period. Medicare says it is highlighting plans that have achieve an
overall quality rating of five stars with a “gold star” icon on the
Medicare’s Plan Finder.
This year the Enrollment Period is early and has been expanded by one week to run from October 15 to December 7. This
will give people with Medicare more time to find the plan that best meets their needs, according to the Centers for Medicare and Medicaid
Beneficiaries will be able to switch to any available five-star plan at any time during the year without having to wait
for the next open season.
So far this year, more than 2.2 million people with Medicare have saved more than $1.2 billion on their prescriptions,
for an average of $550 per person, the Centers for Medicare & Medicaid Services announced today. And more than 22.6 million seniors and people
with disabilities have taken advantage of at least one free Medicare preventive benefit, including the new Annual Wellness Visit made possible
by the Affordable Care Act.
“Thanks to the Affordable Care Act, seniors are getting cheaper prescription drugs and free preventive care,” said CMS
Administrator Donald M. Berwick, MD.
Under the Affordable Care Act, people with Medicare can receive many preventive services at no charge, including diabetes
screening, some cancer screenings and help to quit smoking.
People with Medicare across the country are also receiving cheaper prescription drugs. Thanks to the Affordable Care Act,
seniors and people with disabilities receive a 50 percent discount on covered brand name drugs in the Medicare Part D coverage gap, also known
as the “donut hole.”
The coverage gap discount is set at 50 percent on covered brand name drugs again in 2012. Coverage in the donut hole will
progressively increase each year until the coverage gap closes in 2020.
In addition to donut hole discounts, average premiums for Medicare Part D prescription drug plans will remain virtually
unchanged in 2012.
Medicare also recently announced that average Medicare Advantage premiums will drop 4 percent next year. Part B premiums,
which cover outpatient services including doctor visits, will only rise $3.50 per month for most beneficiaries in 2012, and some will see a
decrease. These changes will be more than offset by the average Social Security cost of living increase ($43 per month for retired workers).
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