Medicare Prescription Drug Premium Cost Changes Ahead for 2015
If you’re one of the millions of Medicare beneficiaries in the US, you could be looking at rising prescription drug premium costs starting in January of 2015.
According to an article in last month’s AARP Bulletin, six of the 10 largest Part D drug plans will have premium increases ranging from 11 to 52 percent. Three other plans will drop premiums by 13 to 31 percent.
Affected Medicare beneficiaries are not without options. The article goes on to say:
From time to time, we get questions from our customers about durable medical equipment and Medicare. Earlier this year, we published an article about what durable medical equipment (DME) Medicare covers and briefly discussed the competitive bidding process that took effect in 2011, and expanded this year. While that article covers much of what you may need to know, we know many of you may have other questions about this ever-changing area of healthcare. While any formal questions related to Medicare should be directed to Medicare.gov, we’ve researched and compiled answers to other questions you may have.
Prescription Drug Savings
With prescription drug costs on the rise, it is always helpful to find alternatives or programs that can help you save money. Some Medicare beneficiaries qualify for a special Medicare Part D Extra Help program that allows eligible candidates with limited income to receive low co-payments on prescriptions, as well as reduced premiums.
Medicare Does Cover Certain Durable Medical Equipment Medicare covers certain durable medical equipment, also known as DME, as prescribed by your healthcare physician. All recipients of Medicare are eligible for durable medical equipment coverage. According to Medicare.gov, the equipment must meet the following criteria in order to be covered by your plan: Equipment must be […]
5 Tips to Help You Choose the Right Medicare Part D Plan Navigating your Medicare prescription drug coverage options can be challenging, but with the right information, you can make the best decision based on your unique medical requirements and preferences. Every patient that is eligible for Medicare is also eligible for prescription drug coverage. […]