Medicare Changes for Part D in 2014

What are the changes to Medicare Part D for 2014? Did you know that there have been changes to Part D every year since it was started in 2006?

See changes to the Standard Benefit Model for 2014 --

Click here to see the Medicare Plan Review website.

You can encounter changes to your 2014 Medicare Part D Plan in two different ways.

First, changes to the Medicare Part D Standard Benefit Model can alter your plan. This Model is developed by the centers for Medicare and Medicaid Services (CMS) and determines; the maximum allowed Part D deductible, the initial coverage limit, the out-of-pocket threshold amount and what you will pay while in the catastrophic portion of Part D coverage.
Since Medicare Part D Plans are effective for one calendar year, you may see changes to your 2014 plan. These changes may include:

A different monthly premium

A different deductible

Changes to the Part D formulary

Changes to the pharmacy network

Changes to the Part D mail order benefits

Because all plans change each year, you should compare Medicare part D Plans every year, start by visiting medicare.gov so you can find the best Medicare Part D Plan for 2014.