As Medicare Drug Plans’ Premiums Rise, Beneficiaries Should Check Their Options
(Source – Kaiser health news)
Meanwhile, the number of subsidized Medicare drug plans is dropping because of insurance market consolidation and federal rules discouraging duplicative options — leaving some seniors with fewer options from which to choose.
With time running out on open enrollment season, many seniors are facing sharply higher premiums for Medicare’s popular prescription drug program. The reason: rising drug costs have overtaken a long stretch of stable premiums. Beneficiaries have until Dec. 7 to see if there’s a lower-cost plan that will cover their medications in 2016. Consumer advocates and experts say it will pay to shop around this sign-up season. (Alonso-Zaldivar, 11/22) Read more…
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