Howard L. Rogers, III on Part D

Medicare Part D is critical to protecting the health of Louisiana’s seniors, as well as nationwide seniors, as it provides significant cost-saving benefits for much-needed medications. It is important for seniors to know that the open enrollment period allowing them to make any changes to their plans for 2015 will end on December 7. All Medicare recipients should take the time to review their current Medicare plans, including their prescription drug coverage through Medicare Part D. Here are some tips for comparing plans: List all current medications and dosages. Identify any current prescriptions that are not covered and will incur out-of-pocket costs. Compare total monthly out-of-pocket costs when reviewing different plans. Be mindful of high deductibles (the amount paid before insurance coverage takes over) and copays/coinsurance (the amount paid at the time of purchase). Copays can add up, especially when generic versions of a drug are not available. Medicare Part D provides seniors with tremendous benefits. But it is important to educate yourself and know your options. Take the time to review your current plan and other plan options and make the best choice for you. 
Source: PHRMA - Category: Pharmaceuticals Authors: Source Type: news