Health Insurance Daily

Medicare Insurers to Offer More Options in ’07

Medicare beneficiaries will have access to more options for prescription drug coverage in 2007, with many insurers offering better value and a larger number of medications, the Bush administration said Friday. But the potential for confusion may also increase.

The administration said beneficiaries who were satisfied with their current drug coverage would not have to do anything when the six-week open enrollment period begins Nov. 15. Consumer advocates, however, said beneficiaries should carefully review the options because prices have changed, often by significant amounts.

The number of national drug plans offering coverage in every state will rise to 17 next year, from 9 this year. In New York, 61 drug plans will be available, up from 46 this year.

To read this article in its entirety click on The New York Times.

posted by Mike @ 11:20 AM