The 2023 Annual Election Period (AEP) for Medicare prescription drug plans or Medicare Advantage plans ends December 7th. Thankfully, the non-stop advertisements and phone calls should end by that date as well.

If you have not reviewed your Medicare coverage for 2023 you should call us now at 1-800-797-0605 to review your coverage for next year.

Additionally, the income limits for 2023 for the NJ Prescription Assistance for the Aged and Disabled (PAAD) and Senior Gold programs have been released.  These programs help pay some of the cost for prescription drugs at the pharmacy and the monthly fee for your prescription drug plan. The application is also a screening tool for additional assistance for things like hearing aids, utility assistance and Temporary Assistance for Needy Families (TANF or “food stamps”).  As of January 1, 2023, the income limits are as follows:

NJ PAAD

• Less than $42,142 for a Single Persons
• Less than $49,209 for a Married Couples

Senior Gold

• Between $42,142 -$52,142 for Single Persons
• Between $49,209 -$59,209 for Married Couples

If you would like assistance applying for these programs, please feel free to reach out to New Jersey Medicare Brokers.  You can visit the state website for more information, including the application.

Thank you for trusting us with your health insurance needs and happy holidays!