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Tuesday, November 15, 2005In New York, senior citizens have 46 plans to sort through. Premiums range from $4.10 to $85.02 a month. Annual deductibles run up to $250. Also, most plans contain the so-called 'doughnut hole,' which requires you to pick up the full tab once your drug expenses reach $2,250 until they hit $5,100, when 'catastrophic' coverage kicks in, covering 95 percent of the price. Even more important than these costs are what drugs the plan covers and how much you'll pay. Seniors can go to the official Medicare Web site, www.medicare.gov, to find more details on the plans. They can also call Medicare at 800- 633-4227. However, the private insurance companies offering these plans can change the coverage, so check back frequently for updates. The informal census from my patients is that few people are even looking into this. They give two reasons: 1) They find it extremely difficult to sort through the Part D benefit, and 2) They already have prescription drug coverage through their secondary insurances. posted by Sydney on 11/15/2005 07:28:00 AM 0 comments 0 Comments: |
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