Medicare 2017: What You Need to Know

Elizabeth Davis
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With Medicare open enrollment right around the corner, you may be wondering changes are in store for your Medicare plan in 2017. We have the latest info on what to expect, and how you can make the most of your Medicare coverage.

When is open enrollment?

Medicare plans offer open enrollment from October 15 to December 7. Medicare health and drug plans can make changes to cost and coverage each year, and open enrollment gives you a chance to change your plan if needed. This lets you pick the coverage that works best for you.

You will need to pick a plan and sign up during open enrollment to avoid a monthly penalty added to your plan.

What’s changing in 2017?

What is Medicare Advantage vs Medicare Part D?

How can GoodRx help?

Whether you’re choosing a new plan, or you have your 2017 coverage locked in, it still pays to shop around. For the top 20 Medicare plans in America, 66% of prescription drugs can be purchased for less than your typical Medicare co-pay using discounts found on GoodRx.

When will GoodRx have 2017 plan information up?

GoodRx gets our Medicare information directly from the Center for Medicare and Medicaid Services (CMS). CMS does not release new plan prices until the new year, but we expect to to have 2017 Medicare plan and pricing information early in 2017.

For now, you can compare prices for your prescriptions on your 2016 plan by searching for your prescription and choosing your current plan information here.

What else should I keep in mind?

Just because a drug is covered by a Medicare plan doesn’t mean the plan will make it affordable. Over 44% of prescriptions have coverage limitations which can prevent Medicare consumers from affording their prescriptions. like doctor authorizations, quantity limits and more. GoodRx lets you know about the “fine print” which plans won’t tell you about in advance.

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