Your costs begin with your monthly premium. Them, depending on the plan, you will have to pay a deductible before you start receiving any benefit. Once you have paid your deductible, you will still pay a portion of your prescription. This is known as co-insurance. You will receive the benefit until you reach the initial… Read More »
The Avalere study determined that during the open enrollment period, beneficiaries sought out and and chose a low-cost Medicare prescription drug plan (PDP). The market competition that help shift enrollees to low-cost PDP’s has helped keep Medicare Part D premiums fairly stable in 2013. The Top 10 Low Cost Medicare Part D Plan Providers AARP… Read More »
You pay a premium whether you receive Part D coverage from a singke Medicare Prescription Drug Plan, a Medicare Advantage plan that includes a Prescription Drug Plan, or a Medicare Cost Plan that includes Medicare Prescription Drug Plan. This affects you even if you receive Part D coverage through your employer. This 2013 IRMAA changes… Read More »
VA will not supplement Medicare A and B, and relying on the VA solely will not cover your civilian medical expenses. Also relying on the VA assumes that you can control when and where you go for care when sick or injured. There are numerous Supplemental Medicare Policies offered by insurance companies that cover the… Read More »
Here is an article from http://www.blogforiowa.com that wonders who exactly get’s the Medicare Part D Entitlement. Every time I hear the word “entitlement” in connection with Social Security or Medicare I want to grab the fool who is using Frank Luntz’s word by the collar and ask him (or her) just how stupid they are. Do they not… Read More »
For seniors, a key source is Medicare, the federal program for people age 65 and over. But Medicare doesn’t cover everything. “What the government pays in benefits doesn’t always cover what the doctors and hospitals charge,” said Bob Moos, spokesman for the Centers for Medicare & Medicaid Services. “People with traditional Medicare must pay deductibles… Read More »
This exempt from NSCLC (National Senior Citizens Law Center) explains more: The Centers for Medicare and Medicaid Services (CMS) requires that sponsors of Medicare Part D prescription drug plans provide beneficiaries with access to transition supplies of needed medications to protect them from disruption and give adequate time to move over to a drug that… Read More »
Part D Medicare is a popular program used by many, but it is not immune to review as part of the Medicare overhaul process. The “fix” to part D may result in increased costs an less efficacy as the article below notes. In December, the Iowa Business Council’s quarterly survey of Iowa business leaders pointedly… Read More »
There has been a study to see if Medicare Part D has had any affect on the costs of associated with Medicare Part A and B. The studies have not found a link. That is, Higher spending on Part D does not translate into lower spending on Part A and B. The study focused on… Read More »
Medicare Part D is not broken. According to this article, Medicare Part D cost the government less than when it at the beginning. … additional statistics from a recent survey by Medicare Today found that: » While overall Medicare costs have gone up, Part D projections remain 43 percent below expectations during the initial 2004-2013… Read More »