MEDICARE HEALTH INSURANCE AND PRESCRIPTION DRUG PLAN PART D COVERAGE; COMPARE PLANS IN 2010; TODAY’S HEALTH CARE REFORM NEWS OCTOBER 13TH
Medicare drug coverage is a federal provision that is initiated once one signs up for one of the private drug plans that is approved by Medicare. It is difficult for people with pre-existing health conditions to cut through the red tape to determine which drug plans would be most affordable. Medicaid and Medicare enrollment is spiking as more people signed up for the health insurance
program last year than ever before
Medicaid is a federal-state created program along side the Medicare program, that covers medical expenses for low income families and the elderly. Medicare advantage plans are privately administered versions of Medicare that often offer additional resources. Recently, Vice President Biden and Health and Human Services Secretary Kathleen Sebelius spoke to seniors and relayed to them that there would be a 50% discount on prescription drugs for those individuals that fall into the Medicare Part D “doughnut hole” beginning next year. This becomes effective in 2011 and will defray the cost of prescription drugs for seniors until new regulations become active over the next several years. One should note that when deciding on a Medicare drug prescription coverage plan, the one you pick may be the one you have to stay with for the duration of a year so doing homework on the cost and provision of the plan is a necessity. Making headlines as a resource for those searching for Medicare drug plan coverage is the 2010 Medicare and You handbook. This handbook is available in October but even with the guide, one should compare drug coverage variables point by point.
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