What To Look For When Evaluating Medicare Prescription Drug Plan Options: The Three

People with Medicare can start saving money by enrolling in the government’s prescription drug plan, and with open enrollment running through May 15, 2006, there is still time to save. “This is the most significant change to Medicare since the program’s inception, and it will offer people with Medicare more choices than ever before,” said Scott Latimer, M.D., Central and North Florida Market President for Senior Products at Humana, one of the nation’s leading private sector Medicare insurers. “In order to select the plan that best meets their needs, beneficiaries will need to carefully evaluate their options prior to enrolling.” When choosing a plan, people with Medicare and their family members and friends involved in the process need to factor …

Through the years the legal profession has had more and more influence on our society.

Today it seems that people take less and less responsibility for their actions and would rather take their chances in court with a lawyer at their side. All businesses are so careful to avoid a law suit that employees are treated less and less like people. A few years ago if an employer would suspect an employee of using drugs they would offer assistance and hold their job until they were able to straighten out their lives. Today if someone is suspected of drug use all the employees may be subjected to drug tests so as not to single out the person with the problem. This situation has occurred in the office that I work in. One of the supervisors, …

A Step-by-Step Guide to Medicare Part D’s Prescription Drug Plan

By May 15 of this year, if you haven’t signed up for the program, you could end up without drug coverage, or have to pay the penalty for applying after the deadline. The penalty is a 1% increase in your premium for each month after May 2006 in which you don’t enroll. The following is a step-by-step guide designed to get down to the basics of Medicare Part D, cut through the jargon, and tells you exactly what you need to know. Step #1: Eligibility. Are you eligible for Medicare’s new prescription drug plan? Simply put, if you are eligible for Medicare Part A or Part B, you are eligible for Part D. Step #2: Cost. What will Medicare Part …

A New Concept in Prescription Drug Savings for Victims of Medicare Part D’s Dreaded “Doughnut Hole”

Many seniors who have signed up for the Medicare Prescription Drug plan are shocked to find out that they are already hitting the dreaded gap in coverage known as the “doughnut hole”. During this gap in coverage, between $2250 and $5100 in prescription drug spending, Medicare Part D participants lose coverage, must continue to pay their monthly premiums and are 100% responsible for paying for their medications themselves. Once they hit the doughnut hole, this massive jump in monthly medication expenditures makes it very difficult for some Plan D participants to cope financially. In a recent Business Week article, Bruce Stuart, director of the Peter Lamy Center on Drug Therapy & Aging at the University of Maryland, estimated that about …