The Annual Open Enrollment for Medicare prescription drug coverage (Part D) is October 15, 2014 – December 7, 2014. Certain people with Medicare can also change plans at other times (see question #13).
Plans are making changes to benefits and costs, and there are also new plans in many areas of the country. In 2015, people who enter the coverage gap (“donut hole”) will pay 45% of the cost of brand-name drugs on their plan’s formulary while they are in the gap and 65% of the cost of generics on their formularies while they are in the gap.
With these changes, your current plan may or may not be the best plan for you in 2015. It is very important to use this time period to compare your plan choices and
find the plan that best meets your prescription drug needs at the lowest cost. All plans will make changes in 2015.