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Senior Journal: Today's News and Information for Senior Citizens & Baby Boomers

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Medicare Drug Program News

Senior Citizens About to Face Their Medicare Drug Plan Decision, Again

Enrollment opens Nov. 15 to change to better plan

September 14, 2006 – Remember the agony you went through last year in trying to figure out which of Medicare's multitude of prescription drug programs you should join? Guess what, senior citizens are about to have a chance to do it all over again, if they are not happy with last year's choice – many may not be due to a change in their drug needs.

 

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Senior Citizens to See Medicare Drug Plans Cost About Same in 2007

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August 16, 2006 – Senior citizens can expect their Medicare drug plan to cost about the same in 2007 as it did this year - about $24 per month, or less, on average, according to an announcement yesterday from the Centers for Medicare and Medicaid Services. CMS says the "lower than expected" cost for both years is due to strong competitive bidding by the health plans and smart plan choices by beneficiaries. Read more...

Medicare News

Just $5 Added to 2007 Medicare Premium for Most but High Income Means Higher Premium

Senior citizens get first look at new Part B premiums based on income

September 13, 2006 – The new Medicare premiums and deductibles for 2007 were quietly released yesterday in a Fact Sheet issued by the Centers for Medicare & Medicaid Services. The monthly Part B premium – the most closely watched charge – will be $93.50 for the vast majority of senior citizens. For the first time, however, seniors with higher incomes will pay higher rates. Only seniors earning at least $80,000 ($160,000 for couples) a year will be subject to this new surcharge and CMS says it should only be about four percent of current Part B enrollees. Read more...


Read more on Medicare Drug Program or Medicare

 

Beginning on November 15, the window will open again and seniors, as well as others covered by Medicare, will have the chance to choose a new drug plan that better fits their needs, which may have changed from last year.

For example, maybe you were not taking any prescription drugs last year, so you went for a low monthly premium and high deductible, just to be safe and prudent. Things may have changed this year – now you are taking lots of drugs and need to find a plan that will pay more of your cost.

Well, you have just six week to make the choice. The window will close on December 31, and you are stuck for another year.

The Centers for Medicare & Medicaid Services is saying, however, that seniors need to enroll in a new play be December 8, to ensure they have their new prescription drug card in early January of 2007.

 “Beneficiaries who are satisfied with their drug coverage can continue it in 2007,” said CMS Administrator Mark McClellan. “But in 2007, because of strong competition, most beneficiaries will have options that cost less and that offer additional coverage, and we are providing enhanced support if they want to look at these options.”

McClellan was joined yesterday by Mike Leavitt, Secretary of Health and Human Services, to kick off the “My Health. My Medicare.” CMS says this program will introduce "new tools" to assist beneficiaries in this year's Part D enrollment periond.

“'My Health. My Medicare' is the next step in helping the 43 million Americans with Medicare make the most of their benefits, so they can stay healthier and spend less on their medical care,” said Dr. McClellan.

“By providing personalized assistance – online, on the phone and in person, with the help of partners all across the country -- we can help beneficiaries and their families make informed and confident choices about their health and Medicare coverage.” 

To assist beneficiaries in making decisions about their Medicare benefits, the Fall campaign has been divided into the following segments:

  ● September is the time for beneficiaries to compare their health needs to the coverage they have and prepare questions about their coverage. 

  ● October is whey they should evaluate benefits, using the one-page Medicare Checkup as a guide. 

  ● November is the month to choose a new plan or change plans, if desired. 

  ● December gives beneficiaries the opportunity to maximize their benefits, working with their doctor to develop a personalized plan for prevention.

McClellan also took the opportunity to through in a plug for the importance of Medicare’s preventive benefits and their role in protecting people from cancer, heart disease, diabetes, stroke, and flu and pneumonia.

 “In just two years, Medicare has undergone unprecedented improvements in benefits, including the addition of prescription drug coverage and new and updated preventive care,” added Leavitt.

“We’re going to work with people to help them make the most of their benefits – to stay healthier so they can spend less on doctors and hospitals, and even less on prescription drugs.”

More than 38 million Medicare beneficiaries, or 90 percent, now have some form of drug coverage, according to CMS. 

More than 3 million prescriptions are being filled every day, while saving people with Medicare drug plans an average of $1,200 a year. 

Program costs are 25 percent less than predicted last year. According to recent surveys, more than 80 percent of people in plans are satisfied with their coverage. 

“Vital to the success of this year’s Part D enrollment campaign was the participation of 40,000 partners who helped organize nearly 50,000 events in just six months, and our partners are vital to the success of 'My Health. My Medicare' as well,” said McClellan. 

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