Find out about Medicare's changes in fees, coverage and especially prescription drug coverage for 2008 .
You've seen the commercials on television advertising the different plans for Medicare and prescription drug coverage. Now is the time to explore your options for 2008.
Some prescription plans have changed their formulary, meaning they have added some drugs to the plan and taken some away. Be sure to check with your pharmacy about the specific medications you take. Will your present plan provide the same coverage as last year? Don't assume it will.
You can get answers from Medicare.gov. A comprehensive manual is available to download and print. You can also compare plans by entering your own specific information in the form and seeing what each plan will offer you.
Remember you and your spouse can have different plans all together if you have different health coverage needs. So be sure to make comparisons for each of you.
Open Enrollment continues through December 31. All policies take effect January 1, 2008 and cannot be changed. Each year Open Enrollment begins on November 15 and continues through December 31. After December 31, no changes can be made for the following year. So make sure you do your homework!
