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Video: Medicare Part D
Open Enrollment 2013: Medicare Part D Benefits Improve but Premiums an…
While Medicare Part D prescription drug plan premiums are generally expected to remain steady in 2013, this PPI Fact Sheet by Leigh Purvis and Lee Rucker finds that premiums for many popular plans will actually be considerably higher than they were in 2012. Many plans are also increasing cost-sharing and their reliance on utilization management tools for covered prescription drugs. Medicare beneficiaries should closely examine their 2013 prescription drug plan choices during open enrollment for Part D.
Medicare Part D Counseling Offered
“The amount of coverage offered for medications and medical services varies from company to company. It is to your benefit to subscribe to a plan that covers those medications and services you need. Since the Area Agency on Aging of Deep East Texas (AAADET) does not offer or sponsor any plan, we are one of the few independent sources of information and counseling available in the region,” said AAADET Program Director, Holly Anderson. AAADET Benefits Counselors will ask questions about your health and prescriptions. Based on the information you supply, they can tell you which program would benefit you the most.
Medicare Part D Premiums Holding Steady
Thanks to the marvels of medical science, our parents are living longer than ever before. Adults over age 80 are the fastest growing segment of the population; most will spend years dependent on others for the most basic needs. That burden falls to their baby boomer children. In The New Old Age, Paula Span and other contributors explore this unprecedented intergenerational challenge. You can reach the editors at firstname.lastname@example.org.
Choosing a Medicare Part D Prescription Plan
People with arthritis are typically prescribed medications to control symptoms and progression of the disease. For arthritis patients who have qualified for Medicare benefits, there are Medicare Part D prescription plans available. Open enrollment for Medicare plans started October 15, 2012 and ends on December 7, 2012. What does this mean for you? It’s time to review your options, even if you already have a Medicare Part D prescription plan. If you have started new drugs or stopped any that you were taking last year, or if your insurer changed their drug formulary list, you may no longer have the best Medicare Part D plan for you.
Avoid A Costly Medicare Part D Mistake Right Now
Many Medicare beneficiaries are not aware that the open enrollment period for the Medicare Part D Drug plans is happening right now. You have until December 7th to determine if it is to your benefit to change plans, which could save you money. There are many reasons you cannot assume that the plan you are on now will be the best one for you in 2013 including:
Making Sense Of Medicare Part D Open Enrollment
Each year, plan premiums, deductibles, prescription co-payments and annual out-of-pocket expenses can change. When considering what plan works best for you in terms of cost, it is important to consider all these elements (premiums, deductibles and co-payments) in order to calculate the total cost of the plan. Drugs covered under Medicare Part D may also vary from plan to plan and from region to region. It’s important to re-evaluate your plan if your prescriptions have changed, you’re traveling more frequently or have moved. Selecting the right plan can save you money and put you on a path to better health.
Top Medicare Part D Plan Costs Spike in 2013
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Medicare Plan Finder for Health, Prescription Drug and Medigap plans
Lord of the (Medicare) Rings: One price to rule them all, and in the federal register bind them.
Since premium support is likely off the table for the time being, there are still many other things that Medicare can do to improve care coordination and value. We should bundle Medicare services by putting Parts A&B together, with one premium for seniors, which would encourage providers to better coordinate care. We should allow administrative services organizations (ASOs), widely used by large private employers, to set up networks of preferred providers in Medicare, and offer seniors incentives – through reduced co-pays or enhanced benefits – to utilize low-cost, high quality providers. ASOs could also represent an appealing ideological mid-point between premium support, traditional Medicare FFS, and Medicare Advantage plans. The key would be to bundle payments and have all providers “go naked” on their outcomes data so we have some correlation between the money spent and actual performance. Additional, web-based tools could then help seniors find the providers who offered the best care at the lowest cost. Indeed, this apporach is already being tested by United Healthcare at a number of oncology centers around the country. In an effort to control costs of cancer treatment, the insurer will provide up-front payments for a typical 6 to 12 month course of treatment, and allow the oncologist to determine the specifics, rather than paying by volume of care. An earlier study published in the Journal of Oncology Practice found evidence to support this type of approach, identifying some $9,000 in savings for patients on evidence-based pathways in the treatment of lung cancer, with little change in 12 months survival rate. Studies like this can provide a benchmark for weighing how different treatment strategies and practice designs affect the cost of care and health outcomes and – most importantly – inform patient choice in the oncology setting.
Medicare Part D: What You Need To Know
There are some things that you will be financially responsible for. First of all, there is a premium to be paid monthly for the cost of Part D. This will usually be automatically deducted from your monthly social security check. Depending on which coverage level you choose, you will also likely have to pay a co-pay for each of your prescriptions. This amount depends on the type of prescription and its cost. There will also be a deductible that you will have to meet before your coverage kicks in. Even if you haven’t met your deductible, always use your card so that your purchase will be recorded and subtracted from your deductible. These amounts can vary depending on the coverage you choose.
Medicare Part D Presentation : HeartlandBeat
at 3 p.m. A presentation will be given in the chapel by Haili Kreifels. Medicare Open Enrollment is your opportunity to make changes to your Medicare coverage for the 2013 calendar year. Open Enrollment 2012 began on October 15, 2012, and ends on December 7, 2012. Any changes that you elect during Open Enrollment will take effect on January 1, 2013. Feel free to contact Kristi Walters at 402-723-5301 if you have questions.