Monday, November 14, 2022

Every year, Medicare gives 60 million beneficiaries a chance to review their coverage and make changes that will help them get the best health insurance program available. Now is the time for people with Medicare to review their coverage options and make a choice that meets their health care needs. Medicare beneficiaries have from October 15th until December 7th to review their health coverage options and make adjustments that will take effect on January 1, 2023.

New for 2023

For 2023, Medicare enrollees will notice some price decreases. The Food and Drug Administration approved coverage of a drug called Aduhelm. Aduhelm is an expensive drug meant for treating Alzheimer’s Disease that wasn’t previously covered by Medicare. However, in 2023, the coverage of the drug will reduce premiums.

Also new this year, thanks to the Inflation Reduction Act that President Biden signed into law in August, Medicare enrollees will see lower costs for insulin and vaccines. Starting in 2023, everyone with Medicare who takes insulin covered by their prescription drug plan or through a traditional pump covered under Original Medicare will pay no more than $35 in cost-sharing for a month’s supply of each covered insulin product.

Need Help Navigating?

AgeGuide offers “Medicare How-To Series” on YouTube to better aid your Medicare selection and revision process. In the videos, you will find resources on how to find, search, and select the Medicare option that’s best for you. AgeGuide offers these videos in 7 different languages: English, Polish, Hindi, Tagalog, Urdu, Spanish and Chinese.

Follow the AgeGuide YouTube channel for more information and be sure to watch the “Medicare How-To Series’” here.

Additional Resources:

The State Health Insurance Assistance Program (SHIP) network provides free one-on-one assistance in every state. These are federally funded programs staffed by trained volunteers; use this link to find yours.

The Medicare Rights Center offers a free consumer helpline: (800-333-4114.)

When it comes time to enroll, call Medicare to sign up (800-633-4227) and check that your enrollment has been processed.


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