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Last Call for Seniors to Save $450 With Medicare
Prescription Drug Credit
$450 Drug Credit Deadline Approaches for Lower Income
Senior Citizens - Must Apply by June 30th
June 11, 2005 -- Seniors and persons with
disabilities can still apply for the $450 Medicare prescription drug
credit, but time is running short for those who want to receive the full
benefit. After June 30, eligible seniors will still receive a portion of
the prescription drug credit, but those who apply before the June
deadline will receive the full $450 credit for 2005.
The Medicare-approved drug discount program,
created in 2003 by the Medicare Modernization Act, offers seniors two
immediate drug savings options. First, Medicare-approved drug discount
cards are saving seniors an average of 20% off drug costs. Second,
Medicare beneficiaries who meet lower income requirements qualify for an
additional $450 credit to help pay for prescriptions.
To be eligible for the $450 prescription drug
credit, Medicare beneficiaries must have an individual household income
less than $12,919; a married couple's household income must be less than
$17,320. Assets are not counted in determining eligibility.
Beneficiaries with Medicaid outpatient drug coverage are not eligible
for the Medicare-Approved prescription drug discount card program.
Seniors and disabled adults interested in applying
for the $450 drug credit should contact Medicare directly at
1-800-MEDICARE (800-633-4227) or visit their web site for an easy-to-use
Medicare Card Finder at
http://www.medicare.gov/ .
For information about recent Medicare changes,
including new, free preventative health screenings and Medicare Part D
prescription drug coverage enrollment information, seniors can contact
local Medicare Today representatives at 651-225-8449.
Source: Medicare Today
Medicare Today is a non-profit, public advocacy
group with nearly 100 national organizations representing patients,
seniors, health care providers, employers and others. The coalition
includes organizations such as AARP, the American Academy of Family
Physicians, the National Association of Caregivers and the Healthcare
Leadership Council, whose membership includes the nation's premier
health care companies and institutions. The Medicare Today campaign is
reaching out to senior citizens and other Medicare beneficiaries in
communities throughout the nation to provide educational materials and
support regarding the new benefits.
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