Prices Changes In Medicare Part D Drug Plan Options
Medicare Part D Drug Plan
Pricing for Medicare Part D Drug Plan Options is going up along with most other things in 2008, so it's time to have a conversation with your parents, grandparents, relatives or neighbors about their prescription drug plan.
Some plans have changed what they include as benefits, and many have increased their premiums, while a few have decreased. Medicare deductibles will go up from $265.00 in 2007 to $275.00 for 2008, the initial coverage limit will increase from $2,400 to $2,510, out-of-pocket expenses will increase from $3,850 to $4,050, and total covered drug spending at the out of pocket threshold will go from $5,451.25 to $5,726.25.
The Division of Aging Services' GeorgiaCares program and the Centers for Medicare and Medicaid Services are advising people who wish to make a change to do so soon to ensure that their coverage will be available on January 1, 2008. The open enrollment period ends December 31, 2007.
"People really need to make sure that the plan they are currently enrolled in will be the best plan for them in 2008," said DAS Director Maria Greene. "Our trained counselors can help them understand the new changes so they can make an informed decision."
GeorgiaCares has trained counselors who offer free information, counseling and assistance to Medicare beneficiaries on Medicare, Medicaid and Medigap matters, including Medicare Advantage health plan options, long-term care insurance, claims, resolution to billing problems, information and referral on public benefit programs aimed at those with limited incomes and assets, and other health care insurance information.