To all of our 65 and older readers (or for those of you that know someone who is), Wednesday of this week will be your final day to enroll in a Medicare Part-D Plan for 2012. You can do a plan comparison by getting a list of your medications and putting them into the online tool at medicare.gov. By using this tool, it will help you find the plan options that are best suited for you and your particular medication regimen. It will also help you save money by eliminating plans that don’t necessarily make sense for you to entertain. Its a great, unbiased resource that will allow you to choose whats best for you, not your insurance agent.
It’s that time of the year again, Medicare Part-D Open Enrollment! Starting tomorrow, November 15th, enrollment in a Medicare Part-D Plan for the 2011 year will be open and available until December 31st, 2010. Using the Medicare Part-D Plan finder is a great way to assess your current coverage, and make potentially less costly choices in your drug regimen (along with Rx Savings and your doctor), for next year. Although the enrollment period is open for 6 weeks, we suggest doing your homework and registering before Thanksgiving. We suggest this for several reasons, one being the distractions of a busy time throughout the Holiday Season from the end of November until January 1st. The other, and maybe more applicable one, the government and corresponding insurance companies move rather slowly…..in some cases very slowly. You can use the government plan finder … Continue reading
It’s that time of year again, the holiday season is upon us and there is much to do. If you’re over age 65 or know someone who is, remember that it is also that time of year to pick a Medicare Part-D Plan for your prescription drug benefits for 2010! Picking a plan is complex process, with considerations including monthly premiums, brand and generic copayments, and protecting against falling in to the dreaded coverage gap, otherwise known as the doughnut hole. In 2007, 25% of people enrolled in Medicare Part-D plans fell into the doughnut hole and were responsible for 100% of the money for their prescription drugs out of pocket. This amount in 2010 could be as much as $4,550! Coupled with this are insurance ads and sales pitches from brokers that can further cloud the picture. Instead, try using … Continue reading
