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MEDICARE PART "D" DRUG
PLAN and MEDICARE ALTERNATIVES
MEDICARE PART "D" DRUG
PLAN
According to the "Centers for Medicare and Medicaid Services" (CMMS),
starting in January 2006 prescription drug coverage will be
available to everyone with Medicare. If you do not have "creditable
coverage" you must take advantage of a Part "D" prescription
drug plan. The new Medicare prescription drug coverage is insurance
provided by private companies. You choose the drug plan and pay a
monthly premium. Each private company will offer from two to four
tiers, each with a different "formulary plan"--based on your
prescribed medications. You must compare your medications with all
the different formulary offerings. As a Certified Medicare
Enrollment Office, we can do this for you. Remember, you must
make an informed decision before May 15, 2006. At The
Independence Group, our goal is to help you select the plan that
will cover all of your medications, with the lowest possible cost to
you each month.
Note: If you are eligible, and do not enroll before May 15,
2006, you may pay a penalty if you decide to join later. For more
information direct from Medicare visit www.medicare.gov
MEDICARE, MEDICARE SUPPLEMENTS and now
MEDICARE ADVANTAGE
Nearly everyone is familiar with Medicare. There are 2 parts to Medicare: Part A
covers the hospital bills, and Part B covers the
doctor bills. However
there are many “gaps” between the bills we incur, and the actual
amount Medicare will pay for. This is where “Medicare Supplement”
coverage comes into play. The government has designed 10 plans (A
through J) that private insurance companies may offer to clients that
will cover the portions of the bills not covered by Medicare.
Now for the exciting news!
MEDICARE ADVANTAGE plans are
here! These are health plan options that are part of the Medicare
program. Medicare private fee-for-service (PFFS) plans allow you to
go to any primary care doctor, specialist, or hospital, that accepts
Medicare. Basically, this gives you more of the benefits and
flexibility of private insurance along with all the coverage
that you currently enjoy, plus the predictability of
controlled cost with no annual plan deductible! At The
Independence Group, we want to help you select the plan that best
suits your needs.
Leave your name and phone number on
the contact us page, and we will gladly
get you the information that will help you make an informed decision
as to which plan is best for you.
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