Once you have a good Medicare Part D plan, you’re done, right? Unfortunately, that’s not the case at all. Medicare plans change every year, and what might be the perfect plan for you one year could become unaffordable the next.
How do you protect yourself from the ever-changing Medicare landscape? Go Part D shopping in Nevada every single year. And here’s the best way to do it.
Why You Should Go Part D Shopping in Nevada Every Year
Medicare Part D plans aren’t static. They change every year. And it’s not just the benefits and premiums that change; the formularies change too, which means your prescription may not be covered if it’s removed from the approved drug list.
A plan that worked for you this year may not be the most affordable or effective option next year. That’s why it’s important to go Medicare Part D shopping in Nevada every single year.
Reviewing your options annually ensures you avoid surprises at the pharmacy counter — or when your premium bill arrives in the mail.
Types of Medicare Part D Coverage
When Medicare Part D shopping in Nevada, there are two types of plans you can get:
- Standalone Part D plans – for those with Original Medicare or Medigap
- Medicare Advantage with Part D (MAPD) – an all-in-one plan that includes both Medicare and Medicare Part D coverage
Knowing the difference between the two is key when reviewing your options. And if you have any questions about which one is right for you, give the knowledgeable agents at Health Benefits Associates a call at 775-828-1216.
When Can You Enroll?
Another reason why it’s important to go Part D shopping in Nevada annually is because there are only a few times per year that you can change or adjust your Medicare plan:
- Annual Enrollment Period (AEP): October 15 – December 7. Can shop both standalone Part D and MAPD plans.
- Open Enrollment Period (OEP): January 1 – March 31. Allows for changes to MAPD plans only.
- Special Enrollment Period (SEP): Available only if you meet qualifying circumstances, like moving, loss of coverage, etc.
While you might only be able to switch or adjust your Medicare Part D coverage during these times, it’s important to prepare ahead of time. Know your current options, know what options you want, and start shopping early.
Tools for Part D Shopping in Nevada
It may seem daunting to review and shop for Part D plans every year, but there are several tools you can use to help narrow down the search.
The best tool for Part D shopping in Nevada is Medicare.gov. It’s the most accurate and user-friendly tool for comparing Part D plans. Just enter your zip code and find all sorts of plans that could fit your needs.
There are also programs like Extra Help and Medicaid that may reduce drug costs. So if you find a plan that seems perfect but the premiums are high for your budget, it’s always a good idea to see if you qualify for these financial assistance options. Check your eligibility annually, as your financial situation may change.
And, of course, the team at Health Benefits Associates can also help point you in the right direction. Just contact us on our website or give us a call to schedule an appointment with one of our local agents. We’d be happy to walk you through the options and find a Medicare Part D plan that works for your unique needs.
