Medicare Prescription Drug Benefits Make History
Medicare's prescription drug coverage rolls out this month, a benefit being hailed as the most significant advance in the program's 40-year history.Most senior citizens should see their medicine become more affordable because of the new coverage. Still, not everyone will save, and Medicare's 42 million beneficiaries have been patient, if not hesitant, about enrolling in a private plan.
About 906,000 people in Indiana are eligible for the Medicare drug program, including 110,000 who are eligible for a low-income subsidy.
The best way to ensure people get the most out of the new coverage is to find the private plan that best suits their needs. That takes time and effort.
In each state, beneficiaries can choose from among dozens of plans. Those offering drug coverage include the biggest names in the health insurance industry.
In Indiana, 42 private plans offer prescription drug coverage. The choices increase even more when including Medicare Advantage programs. Those programs operate like an HMO and offer more medical coverage, such as visits to a doctor.
Making a choice has proven daunting for some senior citizens, but government officials counter that choice is good. The competition drives down expenses and improves benefits, they say.
This article can be viewed in its entirety at IndyStar.
posted by Mike @ 9:50 AM
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