This week's Sr Moment

SENIOR MOMENT UPDATE

Medicare Premiums and Deductibles for 2009 – The 2009 Part B premium is $96.40 same as 2008. If you income is greater than $85,000 a year the premium would be $134.90 a month. The deductible for Medicare Part B (medical) is $135.00 the same as 2008. There still remains no monthly premium for Medicare Part A (hospitalization) but the deductible for 2009 is $1068, an increase of $44 from 2008.

· Mailings from CMS, Social Security and Plans
· In October of 2008 the Medicare Part D plans will be sending out Marketing Materials to beneficiaries
· Plan - Termination letters if the plan will no exist in 2009
· Plan - Annual Notice of Change – outlining 2009 changes
· CMS will mail Medicare and You 2009 Handbooks
· Employer/Union Plans – Notice of Creditable Coverage

· Open Enrollment for Medicare Part D – to sign up or switch current plan is November 15th through December 31st

· 2009 Outlook for Medicare Part D
Deductible up to $295
Initial Coverage Limit $2,700
Out of Pocket Threshold $4,350
53 Separate WI plans available
24 National Plans available
Ranging in premiums from $13.70 to $102.70 per month
· When I’m 65 Presentations
· October 21st at 8:00 a.m. – FDL Credit Union
· October 21st at 2:00 a.m. – Walnut Grove (597 Kingswood Ave.)
· October 29th at 10:00 a.m. – FDL Senior Center

If you have the following Medicare Advantage Plan in 2008, they will no longer be available in 2009.
Anthem BC/BS – Smart Value Enhanced and Enhanced Plus
HealthMarkets Care Assured – All Plans
WellCare – All Plans

If you have one of these plans you will need to sign up for another plan for 2009.