🚨 Hidden Rules 🔍 in Medicare Part D Drug Coverage

Navigating Medicare: Important Changes and Special Enrollment Periods Explained In this video, we dive deep into significant upcoming changes to Medicare's catastrophic threshold, shifting from $8,000 to $2,000, and explore how this impacts premiums and deductibles. We discuss the adjustments in formularies and the implications for those with expensive drugs. Furthermore, we cover the intricacies of prior authorizations and step therapy, highlighting how insurance companies influence medical decisions. The presentation also explains various special enrollment periods, including those triggered by hurricanes, floods, and other natural disasters, and the challenges of transitioning between Advantage plans and Medigap. Join me as we navigate these crucial updates and their effects on your Medicare coverage. 00:00 Introduction to Catastrophic Threshold Changes 00:34 Impact on Premiums and Deductibles 00:53 Formulary Changes and Their Effects 02:11 Prior Authorizations and Step Therapy 03:28 Special Enrollment Periods 04:09 Switching Between Plans 05:17 Moving and Network Changes 06:03 Conclusion and Final Thoughts