Time is actually running out to lock in your Medicare coverage

Medicare recipients who haven’t yet re-evaluated their coverage have about two weeks left to make alterations.

The program’s open enrollment period, which started out Oct. 15, ends on Dec. 7. This particular seven-week window is actually generally the only time you can make alterations to your Advantage Plan (Medicare Part C) or prescription drug coverage (Part D). as well as also also with premiums for Part B (outpatient care) jumping by 23 percent for many Medicare beneficiaries, trying to contain costs in various other areas is actually crucial.

Although the 2018 standard monthly premium for Part B will remain unchanged at $134, about 70 percent of Medicare Part B enrollees currently pay a lower monthly premium due to a “hold harmless” legal provision. Their monthly cost will rise by as much as $25 to $134 by the 2017 average of $109, according to the Centers for Medicare as well as also also Medicaid Services.

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