Date: December 1, 2022Attorney: Richard I. Miller

The Medicare open enrollment period runs through December 7th, 2022.   Medicare adjusts costs, coverage, and accepted providers on an annual basis. If you have received “Evidence of Coverage,” or an “Annual Notice of Change,” from Medicare, now is the time to review your coverage, and, if necessary, make changes to your Medicare healthcare plan to better suit your needs for the coming year.

Good news for those that require insulin: as part of the Inflation Reduction Act, the shared cost for insulin will be capped at $35.00 per month for recipients of enrolled in a Part D program. Similarly, those who have opted into Part B and who use an insulin pump will be entitled to the same price cap effective July 1, 2023.  In addition, certain vaccinations, including those for Shingles, Tetanus-Diphtheria, and Whooping Cough, will be free for those who have opted into a Part D plan.  

For more information, as well as tables reflecting new Part B premium rate increases applicable to high income beneficiaries, click on the link here for the Centers for Medicare and Medicaid Services website.

As always, the Elder Law attorneys at Mandelbaum Barrett PC are available to answer any questions you have regarding Open Enrollment.