Millions of people on Medicare are saving an average of more than $600 each year on prescription drugs.
Part D drug benefit coverage gap slowly closing while drug premiums stay consistent.
Seniors with Medicare are increasingly saving more money on out-of-pocket costs for medications thanks to the 2010 Affordable Care Act, which made many improvements to Medicare, including additional benefits and more coverage.
The average 2013 monthly premium for basic prescription drug coverage is holding steady at about $30, the same as it was in 2012. Additionally, seniors and people with disabilities have saved $3.9 billion on prescription drugs as the Affordable Care Act began closing the “donut hole” coverage gap, reports the U.S. Department of Health and Human Services. The Department also reports that millions of people with Medicare are saving an average of over $600 each year on their prescription drugs. Read more
Having a serious medical condition and high drug costs are factors that should influence the plan you choose.
A step-by-step guide to choosing a health insurance plan that fits your individual health care and financial needs.
If you are new to Medicare – or even if you have been on Medicare for a while – you may find it difficult to figure out what all the plans mean and what the best options are for your evolving health care needs and financial situation.
Medicare is a federal health insurance program. You qualify for it if you are age 65 or older, or if you are younger but have certain disabilities or end-stage renal disease. Unlike other health insurance, Medicare coverage is divided into four parts: A, B, C and D. This allows you to choose which parts you want and avoid duplicating coverage from other insurance. Read more