Wednesday, November 19, 2008

Medicare Troubles with Part D

From USNews.com:

Phillip Moeller writes,

Besides premium increases, many Part D plans have added other fee hikes, reduced covered drugs, and backed off on other protections as well. These changes are extensive and are layered onto a program with mind-numbing variables. The nation is broken up into 34 coverage regions, for example, and most states offer roughly 50 different private insurance plans with huge ranges of coverages and costs.
Whew! Paul Krugman may have won a Nobel Prize for economics, but I bet even he would have a hard time figuring out the best Part D plans for his elderly relatives. This year, more than ever, though, it will pay to look carefully at Part D choices. So, grab another cup of coffee, and bear with me.
The Part D program began with much fanfare and confusion in 2006. Since then, more than 16 million people ages 65 and over have signed up for the stand-alone Part D plans, and they've tended to stick with their original choices despite many plan changes in 2007 and 2008.


For the rest of this article, please click here.

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