2023 Medicare Part D Enrollment Period Explained

Rick Teska here. Today I'll be walking you through the 2023 Medicare Part D Enrollment Period.

"Did you know that you don't get prescription drug benefits automatically when you enroll in original Medicare, which includes part A hospital insurance and part B medical insurance? Did you know that there are only certain periods of time throughout the year when you can get or change your part D coverage? stay tuned as we take you through how the upcoming fall annual enrollment period will affect your prescription drug coverage in 2023"

"To be eligible for enrollment in a part D Medicare drug plan during the annual enrollment period or another election period, you must live in an area where plans are available and you must have Medicare parts A and part B. the Medicare annual enrollment period starts on October 15th and ends on December 7th. During this time, you can join a part D Medicare prescription drug plan to add drug benefits to your original Medicare coverage. You can switch from original Medicare to a Medicare Advantage prescription drug plan. You can switch from a standalone part D plan to a Medicare advantage prescription drug plan and vice versa. You can switch from one standalone part D plan to another standalone part D plan. It's important to note that you only have about eight weeks to make any of those changes. Those changes always go into effect on January 1st of the following year. For example, if you enrolled in a Part D drug plan by December 7th, 2022, your coverage would start on January 1st, 2023. A lot of people we talk to are generally aware that we are approaching the time to make changes, but we are constantly asked how to go about shopping and comparing and making changes to those plans"

Phone: [phone]

Let's Connect!!
📺 Subscribe to our Channel Here! Strive Medicare YouTube Channel

---Contents---
0:00 - Intro to the Medicare Part D Enrollment Period
0:56 - AEP and part D eligibility & details
2:27 - How to review and compare plans
2:53 - Medicare part D AEP recap

[StriveMedicare]

Be ready for the Annual Election Period! Comment with any questions.

[vanguy]

You are better off being informed about the meds you take. You will be better off skipping part D. I had to help my Mom and Dad wade thru Medicare part D. It is extremely confusing and it was designed to be that way for a reason. ( keep reading)

If you take matters into your own hands and spend some time researching drug prices you will save hundreds and even thousands of dollars a year by skipping part D and paying cash over the counter for your meds.
Most pharmacies have low cost generics in every category of drugs. (ie Walmart list of $4.00 meds.) Ask your doctor to prescribe from those lists from the pharmacy you use.. Doctors can and will prescribe from what you ask. Doctors will always prescibe the high dollar name brand drugs for a reason. Realize that pharmaceutical reps call on doctors each week and bring sample drugs to stock their shelves. Sorry they don't provide low cost generics, only the astronomically priced name brands. Do not hesitate to ask for samples particularly on a new med. Also realize that these pharmaceutical reps wine and dine the doctors at the local country clubs on the weekends, provide them with tickets to major college or pro sports games, NASCAR races, etc. Oh and don't forget the new name brand drug launch that is being held at a meeting center on a Bahamas island, with all expenses paid for the doctor to be there of course. Also don't forget that the pharma rep provides a catered lunch to the doctor and his entire staff every week. They only get to do that one day per week because the other high dollar name brand drug reps also get a day to bribe, I meant provide, a catered meal also one day a week. Generics are your friend.

Part D has been a scam from the beginning. Just look at the politicians who came up with the idea and promoted it and you will understand why it was designed to enrich the pharma industry rather than to save senior citizens money. It will also explain why part d is so difficult to figure out. They want it that way to confuse you. Watch the news and you will see there is one political party trying to lower RX meds and the other party opposes it every step of the way. They are bought and owned by big pharma.
If you have to have a name brand drug that has no generic, simply buy it from Canada. Canada will have a generic that costs 10X less. No that is not an exaggeration. Also use Good RX app to save bunches at your local pharmacy. Many times a generic drug under your Part D plan has a $10.00 copay when all you have to do is tell the pharmacy you want to pay cash and NOT use your Part D insurance and whip out the GoodRX app on your phone and that $10.00 generic now costs $4.00.

Yes Medicare Part D has always been a scam and will always be a scam.