If anyone out there has a strong opinion that opposes this would you please share it? My father-in-law asked me to figure out what they should do. After reading countless pages of insurance-speak and government-speak and realizing both sides were exaggerating the benefits of their point of view while ignoring the negatives, but advice to my father-in-law was to stay put. They have medicare and a Blue Cross Supplement with a decent drug prescription plan. From what I understand, once you go in to the gov't plan you can never go back. But if you have your own plan you can stay there as long as you want and just pay a penalty for joining the government plan late should you change your mind. In the vein of never buying a car on it's first model year cause the kinks aren't worked out yet, I couldn't see a reason for the parents-in-law to switch. Anyone who believes differently, PLEASE give me your opinion!! (Thanks!)
Because the msn has made this out to be a BIG confusion - I put off looking into Medicare D until now. Oh I had already called AARP who I get my supplemental thru and was not pleased with their plan. So this is what I found....today
MEDICARE ... DRUG PLAN (in Hawaii)
1. $22.85 per month premium...
2. No cost for Rx until MEDICARE has paid out $2250.00 -** except you do pay a copay of $5.00 or $28.00 or $55.00 copay depending on generic vs name brand AND your Dr can fax a request for the drug he desires & eliminate the higher copay
3. When Medicare reaches $2250.00 in drugs payouts *** then all drug will become your responsibility UNTIL costs reach $3600.00 Then Medicare will pick up 95% and you will pay 5%.
Medicare D recap
1. Monthly Premium .. $22.85
2. Copay .. $ 5.00 +
3. No deductible
4. No expense to patient until Medicare has paid out $2250.00
5. Drug expenses from $2250.00 - 3600.00 is patient responsibility.
6. From $3600.00 on with no limit Medicare pays 95% and patient pays 5% -- until the end of the year!!
Now for an AARP partnered plan ( I don't know what else to call it).
AARP Partnered Private Plan RX plan. ... Drug Plan
1. $80.00 (aprox) premium per month
2. Deductible of $250.00
3. THEN the non government program will pay 50% and you pay 50% of the RX up to $3000.00 (which includes your 50% and the $250.00 deductible). After $3000. has been paid out ALL RX pay-outs are finished or as they say here pau until the next year starts - and so does the deductible start again.
AARP Plan recap
1. $80.00 premium - aprox.
2. $250.00 deductible YOU have to reach.
3. private plan does a 50/50 with patient after deductible has been met.
4. when expenses reach $3000.00 (including the $250. ded. and include patients part of the 50/50 the coverage STOPS not to begin again until the next year.
I do not know how MEDICAL SAVINGS ACCOUNTS plays into this!!!
I don't have road rage ----- I have PHONE RAGE ....BIG TIME as one of my favorites says.