Picking a Medicare Part-D Plan for 2010

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 →