With the 2020 period ending Dec. 7 and costs set to go up in 2021, many senior citizens find themselves in the crunch to make decisions about their Medicare enrollment. Local agent Misty Bolt and her team of professionals are sharing insights to help you make the best decisions possible and be sure all your bases are covered.
“Beneficiaries who pay extra for coverage because they have a higher income should know that those monthly surcharges are coming up for 2021,” Bolt said, noting that the standard premium for Part B is now set where beneficiaries will be paying anywhere from $203 to $505 for that coverage.
The Annual Enrollment period for Medicare runs Oct. 1-Dec. 7, and Bolt strongly advises not waiting until the last minute.
“It will be here before you know it,” she said.
There’s also an insulin savings program that many may qualify for and not be aware of that carries great benefits. According to medicare.gov, starting January 1, 2021, you may be able to get Medicare drug coverage that offers broad access to many types of insulin for no more than $35 for a 30-day supply.