by Julie Randolph, Information & Access and Care Coordination Manager
A Special Enrollment Period has been established until December 31, 2023 for Medicare beneficiaries using insulin. The 2022 Inflation Reduction Act placed a cap on insulin prices. The signing of this Act occurred after the premiums and copays were set on the Medicare Plan Finder, making it difficult to properly compare plans for 2023.
Due to these delays, Medicare has allowed a one-time Special Enrollment Period that will allow an individual who takes insulin to change their Medicare Part D plan outside of Open Enrollment.
If you paid more than $35 for a month’s supply of insulin between January 1 and March 31, 2023, contact your Part D plan for reimbursement. As of March 31, 2023, all Part D Plans are required to make sure no one is charged more than the $35 per month supply, deductible does not apply for insulin.
If you believe that you may have made the wrong choice for your Part D plan for 2023, due to inaccurate or misleading information regarding your insulin, call Medicare at 1-800-MEDICARE or go to www.medicare.gov to explore your options. Senior Services is also here to help. Call our Health Benefits Assistance Hotline at 989-633-3748 for assistance.
