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Health Care Reform News and Events

Health Care Reform and Medicare Key Changes

Medicare Advantage

  • Focus on Quality
  • New Enrollment Period

Prescripiton Drugs

  • Discount on Brand Name Drugs
  • Closing the Coverage Gap

Prescription Drug Plans

2010

  • Part D enrollees with any spending in the coverage gap will receive $250 rebate
  • By 2020 gap will disappear (between $2,830 and $6,440)

2011

  • Enrollees with any spending in the gap will receive 50% discount on brand name drugs
  • Beginning of phase-in of Medicare coverage for generics in the gap
  • By 2015, 65% brand, 45% generic

New 2011 Enrollment Schedule

Annual Enrollemnt Period (AEP)

11/15/2011--12/7/2011

  • Medicare eligible allowed to move freely from traditional Medicare and Medicare Supplements to a Medicare Advantage plan

Drop Period (Annual Disenrollement Period)

1/11/2012--2/14/2012

  • Medicare Advantage enrollees may leave a Medicare Advantage plan and return to traditional Medicare only

Lock In Period

2/15/2012-- 10/14/2012

  • During the Lock-in period you cannot change from one 2011 Medicare Plan to another unless you qualify for a Special Enrollment Period

Stay Informed

The official U.S. Government Site for Medicare

www.medicare.gov