What's the Word On: Medicare Rx Deadline
What's the Word On: Medicare Rx Deadline
Q: Can I still enroll in the Medicare prescription drug benefit?
A: Yes. The first enrollment period began last November and runs until May 15th. In most circumstances, beneficiaries who enroll after May 15 will have to pay higher premiums. Since January 1, millions of Americans have joined the program to take advantage of significant savings on their prescription medicines. An average enrollee may save about $1,100 each year. The average monthly premium is $25. Many plans have much lower premiums.
Q: What if one is just uncertain about joining the program?
A: First, remember this is a completely voluntary prescription drug benefit. It is up to each individual to decide. However, all beneficiaries ought to carefully weigh the benefits of the program and take into consideration future medical expenses. People could be perfectly healthy, taking few medicines in their mid-60s. But as Americans live longer lives, many are able to lead active, productive lives with a high quality of life, thanks in part to pharmaceutical medicines. The new Rx benefit is insurance, just like Medicare Part A and Part B. Friends, neighbors and loved ones of elderly Iowans can help look out for their best interests and make sure they have considered cost-savings available under the new program. Despite extensive community outreach, some beneficiaries may just not have gotten around to signing up. Remember, enrolling by the May 15 deadline will ensure that beneficiaries can start saving on their medicines. It also will ensure that they will not be subject to higher premiums for joining later.
Q: Where can seniors go for assistance to sign-up before the May 15 deadline?
A: The Centers for Medicare and Medicaid offers around-the-clock toll-free assistance at 1-(800) MEDICARE. Iowans with Internet access also may use the comprehensive comparison tool on-line at www.medicare.gov. Iowans also may turn to Iowa's Senior Health Insurance Information Program (SHIIP). SHIIP volunteers in 75 Iowa counties stand ready to provide confidential, objective information about Medicare Part D free-of-charge. To locate the nearest SHIIP representative, call (800) 351-4664. Patients need to provide a list of their medications and SHIIP will help match them up with a Medicare-approved prescription drug benefit plan that best fits their needs. The Access to Benefits Coalition (ABC) offers another resource for beneficiaries. The Coalition can provide information through its website at www.accesstobenefits.org or by calling (202) 479-6670.
http://grassley.senate.gov/index.cfm?FuseAction=WordOn.Detail&WordOn_id=289&Year=2006