Medicare open enrollment ends Wednesday

Wednesday is the last day for people with Medicare to review their drug and health plans for 2012 as part of the annual Medicare Open Enrollment Period.

Medicare users have until midnight Wednesday night to enroll.

The Centers for Medicare & Medicaid Services (CMS) suggest that you review your current plans to see if they would be the best options for you in 2012.

According to CMS, more seniors and people with disabilities on Medicare have seen significantly lower costs for important health care – through both discounts on brand-name drugs in the Medicare Part D "donut hole" coverage gap and free preventive care.

“Thanks to the Affordable Care Act, millions of Americans are receiving free preventive services and getting cheaper prescription drugs,” said Acting CMS Administrator Marilyn Tavenner. 

Stats

Data show that 2.65 million people with Medicare have saved more than $1.5 billion on their prescriptions – averaging about $569 per person. 

In Arizona, 48,528 people with Medicare have saved $26,170,996 – averaging about $539 per person.

And, as of the end of November, more than 24.2 million people with Medicare have taken advantage of at least one free preventive benefit – including the new Annual Wellness Visit – made possible by the Affordable Care Act. 

In Arizona, 394,180 people with Medicare have taken advantage of the free preventive coverage.

New costs

Building on savings in 2011, Medicare also recently announced that the Part B deductible will be $22 lower in 2012 and average Medicare Advantage premiums are projected to drop four percent in 2012. 

Part B premiums, which cover outpatient services including doctor visits, are estimated to increase by only $3.50 per month for most beneficiaries in 2012, and some will see a decrease. 

These changes will be more than offset by the average Social Security cost of living increase ($43 per month for retired workers).

For more information

CMS is highlighting plans that have achieved an overall quality rating of five stars with a high performer or “gold star” icon on Medicare’s Plan Finder – www.medicare.gov/find-a-plan .

For more information about how the Affordable Care Act closes the donut hole over time, go to http://www.medicare.gov/Publications/Pubs/pdf/11493.pdf

For State-by-State information on the number of people who are benefiting from discounts in the donut hole in 2011, go to https://www.cms.gov/Plan-Payment/

For State-by-State information on utilization of free preventive services and the Annual Wellness Visit, go to http://www.cms.gov/NewMedia/02_preventive.asp

For more information on Medicare’s prevention benefits, go to the Share the News. Share the Health! website: http://www.medicare.gov/share-the-health/or contact 1-800-MEDICARE.