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Tired of paying high premiumsand falling into the Donut Hole?
ADV-CAre Pharmacy can helpensure you never fall into the Donut Hole while lowering your monthly premiums.
Medicare D beneficiaries will see a 21% increase on average in their monthly premiums in 2008
A snapshot of the prescription drug plan for seniors and other Medicare beneficiaries:
- 100 million Medicare Part D prescriptions filled monthly.
- 8 percent of seniors lacked drug coverage in 2006, the first year the program was offered; down from 33 percent in 2005
- 50 percent of seniors received benefits through a Medicare Part D drug plan last year
- 1 in 5 seniors with Medicare Part D reported that they had not filled, or had delayed filling a prescription because of costs over a 12-month period. Seniors without any coverage fared slightly worse; those with employer plans or covered by the VA were less likely to take the same drastic action.
- 21 percent: Average increase for Medicare beneficiaries if they stay with their current plans in 2008
- $25 is how much Medicare estimates beneficiaries will pay on average for monthly premiums in 2008, up from $22 this year
- 44.1 percent of pharmacies’ prescription drug claims submitted in 2006 didn’t get reimbursed within 30 days; 9.6 percent weren’t recouped within 60 days
- Zero plans offering complete brand-name drug coverage through the “doughnut hole” in 2008, though some plans offered in Indiana cover generics through the gap. Medicare drug plans will stop coverage when total retail costs reach $2,520. Coverage resumes only after the beneficiary has paid $4,050 in out-of-pocket costs.
Sources: Centers for Medicare and Medicaid Services; Wall Street Journal; Kaiser Family Foundation; University of Texas at Austin.
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Doughnut Hole Video
This video clip is part of "The Problems with the Medicare Drug Problem -- and How to Fix Them" hosted by Walter Cronkite and created by FamilesUSA.
Washington, D.C., USA. July 24, 2006 |
| View the Video HERE |
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| Understanding Medicare Part D |
Medicare Calculator
ADV-Care Pharmacy is pleased to assist you with a case analysis of your prescription requirements. We have developed a Medicare Benefit calculator that will analyze Medicare costs vs. our cost and their relative savings. Just input the amount you expect to pay for your medications in U.S. retail dollars. Go to our website to calculate now!
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