Tennessee
seniors: The shopping season has
begun. Not for holiday gifts, but for the best Medicare plan for you.
Medicare recipients have until
December 31 to add, drop or change prescription drug and health care
plans for 2010.
It’s especially important to
look around for the best deal now, because health care premiums
and drug prices are expected to rise significantly next year and
you want to make sure you’re getting the most for your
money.
Some plans will require co-payments of close to $100
for some brand name drugs. Others will require enrollees to pay a
percentage of their drugs’ prices—instead of fixed
co-payments—for all medicines except generics.
Also, those of you with Medicare
Advantage plans may have to find a new provider because some
insurers are withdrawing from the program. Or you may want to
find another provider because some Medicare Advantage plans are
raising their premiums – by an average of 25 percent.
Despite what you may have heard, that has nothing to do with the
health care reform debate happening in Washington.
Insurers that operate Medicare
Advantage plans are reacting to new payment rates from the
federal government. Those payment cuts – announced in
April – were actually required by a measure in the Budget
Reduction Act of 2006 to prevent Medicare Advantage plans from
inflating payments.
People in Medicare can compare
Medicare Advantage plans head-to-head by using the health plan
finder at Medicare's web site. Seniors who need help finding a prescription drug or
Medicare Advantage plan can also contact Medicare at
1-800-633-4227. Or you can reach out to a counselor with
the State Health Insurance Assistance Program or SHIP.
The AARP Bulletin looks at trends in Medicare drug plan costs for
2010. Its web site also provides a step-by-step guide to
comparing drug plans and finding the best plan for you.
``Even if you’re happy with
your coverage right now, you need to watch carefully for changes in
your plan for 2010. Talk to your doctor, look at your options and
find a plan that best fits your needs and your budget,’’
said AARP Tennessee Communications Director Karin Miller.
“Making a smart decision now can pay off big next year.’’