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 is no doubt that over the last week or two, you’ve read articles, watched t.v., or listened to the radio where Healthcare Reform was the main topic. No matter what side of the fence your on, the bill has passed, and so it is important to understand how it will affect you over the coming years. This week, we’ll take a look at how Medicare Part D or Medicare Prescription Drug Coverage will be affected. Here is the breakdown: In 2010, Medicare Part D participants who reach the coverage gap (otherwise known as the doughnut hole) will receive a $250 rebate In 2011, Medicare Part D individuals who reach the coverage gap will receive a 50% discount on brand name drugs, but not until they reach the coverage gap. Brand name drugs will be subsidized slightly more each year … Continue reading
