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Tuesday, December 24, 2024

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Marylanders encouraged to weigh options during open enrollment season

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Thursday, October 24, 2024   

With open enrollment season getting underway, advocates are reminding Marylanders to consider their options before the window closes.

Medicare's open enrollment period began Oct. 15 and runs through Dec. 7. Marylanders with employer sponsored plans are also entering their enrollment season.

Dr. Rhonda Randall, chief medical officer and executive vice president of UnitedHealthcare Employer and Individual, said it is important to review your coverage options.

"You want to consider are your current benefit plans still meeting your health care needs and your budget needs and has anything changed with your plan," Randall recommended. "For example, is your doctor still in the plan? Is the medication you take still covered by the plan?"

Open enrollment for plans under the Affordable Care Act will begin Nov. 1.

Maryland seniors considering their options can choose between original Medicare, Parts A and B, which cover hospital and medical insurance or Medicare Advantage, also known as Part C. Advantage plans often include additional coverage for dental, vision and hearing. Drug coverage plans are available under Part D.

Julia Schreiber, director of the Maryland State Health Insurance Assistance Program, said the plan finder at Medicare.gov is a good way to compare coverage options.

"They can enter in their medications," Schreiber pointed out. "They can enter in their pharmacies and see what the different plans will cost based on their unique needs."

The plan finder includes a star rating based on consumers' experiences with different aspects of each, with reviews of things like chronic care management, wait times for appeals and overall customer service.

Changes for 2025 include a Medicare Part D cap of $2,000 per year for out-of-pocket prescription drug costs, brought about as part of the Inflation Reduction Act. Enrollees will also have the option of spreading their drug costs across monthly payments throughout the year.

Schreiber pointed out Maryland offers enrollees help in navigating the Medicare system.

"If anyone is looking for help from a trained counselor that is also totally unbiased, not associated with any plans, they are welcome to call the State Health Insurance Assistance Program," Schreiber explained. "Our counselors receive extensive training on Medicare."

Disclosure: UnitedHealthcare contributes to our fund for reporting on Health Issues. If you would like to help support news in the public interest, click here.


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