Changes – Good & Bad for PDP’s in 2014

I have been spending enormous amounts of time certifying so that I can enroll you the Medicare plans you may want in 2014.  I always tell my Medicare clients that they “need” to shop for Prescription Drug Plans each year, in order to save money and hassle.  Really, if you do not want to do this, please let me help!  If you do nothing, you will receive an ANOC letter (annual notification of change letter) from your current plan.  If you are okay with the changes (usually a jump in premium amount), you do not need to do anything and your plan will automatically re-enroll you for 2014.  Experience has taught me that you could possibly save hundreds – even thousands of $$$$ just by making a phone call to me.

The new 2014 plans will be available to shop on Oct. 1, 2013 though I can not accept an application until Oct. 15, 2013.  This enrollment period will end Dec. 7th, 2013.  The good news is that some of the dollar limits have actually gone down!  For example, the maximum deductible will be $310 instead of the $325 that was in place for 2013.  The bad news is that the amount to reach the donut hole is lower for 2014: $2,850 versus $2,930 in 2013.  The good news is that you will pay less while in the donut hole and get out of it a bit sooner.  The maximum yearly “out of pocket” drug costs will be $4,550 for this coming year as opposed to $4,750 this year.  While in the donut hole, you will get a 28 percent discount on your generic drugs versus the 21% discount in 2013.  This is SLOW but sure progress for the total elimination of the donut hole by 2020.

I am getting excited about helping my existing clients and always welcome new clients!  Please remember to refer your friends, neighbors, and family to me. I appreciate your business!