As the new year (January 1, 2006) approaches Medicare may be able to help pay for certain prescription drugs under a new section of Medicare called Part D. For those Medicare participants who qualify it will be necessary to sign up for the plan.
It is also important that people understand that not all drugs are covered and there are many different plans to choose from. If you are a Medicare participants considering Medicare Part D it is very important to begin doing research now. For this first year only, enrollment in the program begins on November 15, 2005 and goes through May 15, 2006.
If you are interested in more information about Medicare Part D and other issues related to Medicare, Medicaid and access to health care visit the Center for Medicare Advocacy (a Not- For -Profit organization committed to advocacy and education in these areas). www.medicareadvocacy.org.
Do the math. Take 5 of the most popular medications and price them at Costco.com. Add the typical fee of $445 and find that there is about $1,000 per/yr savings under the Medicare Plan D. The rest of the story is that Medicare is paying the typical plan administrator $1600 per year for each enrollee. Do the math, taxpayers.
Posted by: nonafish | November 04, 2005 at 01:55 PM